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Expansionary Stocks For a Recessionary Economy
Cozad Asset Management's Ron Kiddoo thinks there's an upside to the downside.
"I think we're facing a recessionary economy, so we would look at recessionary stocks, such as in health care and consumer staples," he told CNBC. "Perhaps a little bit in the industrial sector, if we really believe we're going to be coming out of the recession; it might be a little early to get into that sector, but that would be a sector we'd be going into at the present time."
Recommendations:
Among health-care stocks, Kiddoo likes Teva [TEVA
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] and Johnson & Johnson [JNJ
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He also favors medical suppliers such as artificial joint-makers Stryker [SYK
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].
Disclosures:
Disclosure information for Ron Kiddoo was not immediately available.
Data is a real-time snapshot *Data is delayed at least 15 minutes
