Where to Park Your Cash and Find Recession-Resistant Stocks
Investing Insights
Morningstar, Ivanna Hampton, Sarah Hansen
4.2 • 539 Ratings
🗓️ 21 October 2022
⏱️ 20 minutes
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| 0:00.0 | Please stay tuned for important disclosure information at the conclusion of this episode. |
| 0:05.1 | The debate of whether we're in a recession is still going. We'll tell you about some recession-resistant |
| 0:10.5 | stocks. Plus, Morningstar's director of personal finance, Christine Vins, will share tips on where |
| 0:17.0 | to park your cash to earn more, and a proposed rule could reshape the gig economy. |
| 0:23.9 | Our analysts weighs in on how it could affect Uber, Lyft, and DoorDash. |
| 0:28.7 | This is Investing Insights. |
| 0:34.6 | Welcome to Investing Insights. |
| 0:36.4 | I'm your host, Ivana Hampton, And let's get started with a look at the |
| 0:40.3 | Morning Star headlines. The U.S. may or may not be in a recession, depending on how you look at a mix of economic indicators. Morningstar's U.S. economist, Preston Caldwell, doesn't think so. He says while a recession isn't here yet, growth is slowing. |
| 0:56.2 | And given all the talk, investors may be thinking about adding some recession-resistant stocks to their |
| 1:01.7 | portfolios. Companies with recession-resistant stocks offer products and services consumers continue |
| 1:08.1 | to buy no matter the economic climate. And they often have competitive |
| 1:12.3 | advantages that allow them to maintain reliable cash flows over time. These companies share similar |
| 1:19.3 | qualities, like being relatively immune to economic cycles. They tend to have durable competitive |
| 1:25.3 | advantages or economic moats. |
| 1:34.5 | Those wide moats help strengthen their financial health and profitability, making them ideal during tough economic times. |
| 1:39.4 | We are highlighting a list of 10 stocks that fit our definition of recession-resistant. |
| 1:44.2 | Three of them are Anheuser-Busch-In-B Beth, Sanofi, and Dominion Energy. |
| 1:48.5 | Check out the show notes to see the full list of 10 stocks for a recession. |
| 1:54.3 | Wells Fargo missed the mark for third quarter earnings due to volatile operating losses. |
| 1:59.7 | The bank reported earnings per share of 85 cents, and that fell below Morningstar and other analysts estimates. |
| 2:00.6 | And we think a bump in operating losses drove the dip in profits on an earnings per share basis. |
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