It’s a good time to rebalance your portfolio. Here are 18 recession-resistant and Covid-19-related stocks to consider.
In February through May, my firm has been recasting our clients’ portfolios to reflect a continuing coronavirus epidemic and a recession of unknown length. We maintain a Model Portfolio and about three quarters of our client accounts track it pretty closely. Here are the stocks in it, all of which I also personally own.
Technology Holdings
As the country attempts to simulate normal business via Zoom conferences and such, it’s clear that technology will be even more vital to the economy for the next few years.
Semiconductors are vital to tech and Intel INTC. is the nation’s largest semiconductor company. It also has a nice history of raising its dividend consistently.
With people spending more time at home, they may have use for a Sony PlayStation, a new model of which comes out around year-end. That bodes well for Sony (SNE), a Japanese conglomerate that also makes parts for iPhones and produces movies.
Speaking of iPhones, how can you not be impressed by the cash hoard at Apple
AAPL? It has $40 billion in cash and near-cash, a good thing in tough times.
If technology will play an even more central role in the next ten years, cybersecurity becomes especially important. That’s the specialty of Check Point Software (CHKP), an Israeli company that trades actively in the U. S. The company is debt-free.
Health Care
The coronavirus epidemic draws attention to the importance of health care and may lead to more sympathetic regulation of health-care companies. If the February-March bear market should resume, holdings in this sector should be somewhat resistant to the downturn.
