Mix rising interest rates, surging inflation, corporate layoffs, and consumers that are increasingly struggling to pay for basic necessities, and you get the ingredients for a potential economic downturn. In fact, in the first two quarters of 2022, the U.S. economy posted negative GDP growth, which is the technical definition of a recession.
What should investors do to prepare for more turmoil ahead? Look for ways to strengthen and recession-proof your portfolio -- and one stock that can help do that is auto parts retailer O'Reilly Automotive (NASDAQ: ORLY) . Let's see why it should be on every investor's radar right now.
Even someone like Jamie Dimon, CEO of JPMorgan Chase , who many would consider an expert on the state of the economy, sees a tough road ahead. He believes the U.S. economy will enter a recession within the next "six to nine months." Inflation that remains at 40-year highs is going to force the Federal Reserve to aggressively hike interest rates, which will pump the brakes on the economy.
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Want to Recession-Proof Your Portfolio? Take a Look at This Unstoppable Stock