What's an Investor to Do? Recession-Proof Stocks
Investors are worried about a recession again. The ISM nonmanufacturing index showed that the services sector--which represents over three-quarters of the U.S. economy, actually shrank in January instead of growing weakly. The markets responded with another selloff.
To help investors weather the storm, CNBC asked the experts for some recession-proof stock picks.
Medical Device Stocks: Healthy Buys
"It looks like it might be a good time to move into Boston Scientific or Johnson & Johnson , one of the two players in the market right now in the U.S., Medtronic down the road, Abbott down the road as well."
Jan Wald, Stanford Group Managing Director
Wald recommends: Boston Scientific , Johnson & Johnson , Medtronic and Abbott
Value Stocks at a Bargain
"In Cablevision's case, with Verizon Fios, it's really about what the assets are worth, and the dynamics in place to capture full value here...We think what's going to happen here is when Jeff Bewkes at Time Warner splits up the company, Time Warner Cable gets spun out; they become an independent entity, and ultimately go after Cablevision or force [Cablevision's majority owners] to capture a higher value. We think it's probably worth $40 to $44 a share."
Michael Chren, Allegiant Asset Management Portfolio Manager
Chren recommends: Cablevision and Sara Lee
Fight the downturn -- trade with CNBC's experts:
Giant Stocks for Tough Times
“The big guys, the giants, I’m thinking Berkshire Hathaway, Microsoft, GE, these are companies that are taking advantage of the troubles. The tough guys are going to win - Darwinian survivors.”
Michael Holland, Holland & Co. Chairman
Holland recommends: Berkshire Hathaway , Microsoft and General Electric