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re: Stock strategy for a market correction.
Posted on 2/5/21 at 1:14 pm to OysterPoBoy
Posted on 2/5/21 at 1:14 pm to OysterPoBoy
I'll give you a few examples of stocks that didn't hurt too bad in 2008. McDonalds and Walmart. Consumer essentials that people will consume just as much if not more during a recession. 2020 probably isn't the best crash to use as a future predictor given that it was almost entirely caused by an external event that affected different segments of the economy in drastically different ways.
Depending on the situation, I'd also prefer a stock going into a recession that is already undervalued rather than trading at a high multiple due to anticipated future growth. So an example of the perfect combination of consumer essential and undervalued stock might be Kraft Heinz. Something like Peleton would be the worst kind to own if you think hard times are coming.
Depending on the situation, I'd also prefer a stock going into a recession that is already undervalued rather than trading at a high multiple due to anticipated future growth. So an example of the perfect combination of consumer essential and undervalued stock might be Kraft Heinz. Something like Peleton would be the worst kind to own if you think hard times are coming.
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