Recession-Fighter Stocks (Part 1)
Investments to resist the slowdown: David Pearl of Epoch Investment Partners and David Moon of Moon Capital Management offered CNBC their insights -- and favorite stocks.
"Nothing is totally guaranteed to be recession-proof," cautioned Pearl. "But these are high-profile" names most likely to stand strong when others are sagging, he said.
He praised medical-service providers as the antithesis of "discretionary":
"People with chronic illnesses have to get services every day -- or else," he noted.
(See Part 2 for Moon's view and stock picks)
Pearl likes Laboratory Corporation of America, Service Corp. International, Waste Management and DaVita. The last name is the "largest public dialysis company in the U.S.," largely driven by medicare-oriented revenue.
He also says the above companies "are very profitable and use cash they generate to buy back stock -- so even in tough environments, they'll come out winners."
Disclosure information was not immediately available for Pearl, Moon or their respective companies.