If you are looking for recession proof stocks, then you came to the right place. Here in this post, we will tell you the top 7 recession proof stocks that you will love.
On the other hand, there is no exact definition of a recession other than a decrease in economic activity. Stock prices typically fall during a recession, so that is why it is an excellent time to look for stocks that have historically outperformed even when GDP falls.
Let’s get started!
Top 7 Recession Proof Stocks For 2023 That You Love
Table of Contents
Here in this section, we compiled a list of the top 7 recession proof stocks.
7. Target Corporation (NYSE: TGT)
At number seven, we have Target Corporation (NYSE: TGT). The market capitalization of this company is about 70.20 billion USD.
About Target Corporation (NYSE: TGT):
Target Corporation (Target) was founded in 1902 and is a general merchandise and food retailer. Baby and beauty products, clothing, electronic equipment, furniture, grocery, and sports equipment are all part of the company’s product portfolio. However, this store is exclusively available in the united states only.
Quick Overview:
- Previous Close: $150.80
- Day Range: $150.14 – $154.65
- Year Range: $137.16 – $254.87
- Avg. Volume: 6.01M
- P/E Ratio: 20.88
- Dividend Yield: 2.83%
6. Johnson & Johnson (JNJ)
Number six on our list of top recession proof stocks is Johnson & Johnson (JNJ). The market capitalization of this company is nearly about 469.98 billion USD.
About Johnson & Johnson (JNJ):
Johnson & Johnson is one of the best and oldest pharmaceutical companies in the world. This company was founded in the year of 1886. However, this company is well known for developing pharmaceuticals, medical devices, bandages, and skin/body care products. As per the expert, the best stock to buy in the recession is Johnson & Johnson (JNJ)
Quick Overview:
- Previous Close: $179.44
- Day Range: $178.58 – $181.04
- Year Range: $155.72 – $186.69
- Avg. Volume: 6.42M
- P/E Ratio: 25.03
- Dividend Yield: 2.51%
5. Dollar Tree (NASDAQ: DLTR)
At number five, we have Dollar Tree (NASDAQ: DLTR). The market capitalization of this company is about 32.40 billion USD.
About Dollar Tree (NASDAQ: DLTR):
At dollar tree, most of the products are less than $1. There are two branches of the dollar tree, i.e Dollar tree, and the Family dollar tree. Dollar tree sells a wide range of goods, including food, toys, stationery, and pet food. The company’s headquarters are in Chesapeake, Virginia, USA.
Dollar Tree is a discount store company that generates stable earnings and cash flow. That is why it is a reliable company during an economic recession.
Quick Overview:
- Previous Close: $144.56
- Day Range: $144.71 – $148.41
- Year Range: $123.62 – $177.19
- Avg. Volume: 2.47M
- P/E Ratio: 20.50
- Dividend Yield: N/A
Note: If you are looking for grocery stocks, then you can check this post out!
4. Synopsys, Inc. (NASDAQ: SNPS)
Number fourth on our list of top recession proof stocks is Synopsys, Inc. (NASDAQ: SNPS). The market capitalization of this company is nearly about 339.83 billion USD.
About Synopsys, Inc. (NASDAQ: SNPS):
Synopsys Inc (Synopsys) is a company that sells electronic design automation (EDA) software and services. The product portfolio of the company includes IC design solutions along with a verification universe platform that provides virtual prototyping and static and formal verification solutions.
In simpler words: Engineers can use Synopsys to design and test semiconductor chips and other software applications.
Quick Overview:
- Previous Close: $338.13
- Day Range: $328.61 – $342.36
- Year Range: $255.02 – $391.17
- Avg. Volume: 896.84K
- P/E Ratio: 52.77
- Dividend Yield: N/A
3. Home Depot Inc. (HD)
At number three, we have Home Depot Inc. (HD). The market capitalization of this company is about 339.83 billion USD.
About Home Depot Inc. (HD):
Home Depot Inc. (HD) Is the largest home improvement company in the united states. On the other hand, the company provides a variety of services, including credit card processing, home delivery, e-commerce, and installation. This company was founded in the year of 1978.
Fact: The total sale of this company was $37.5 billion in 2020, up 32.7% year over year, which is a positive sentiment.
Quick Overview:
- Previous Close: $332.75
- Day Range: $329.01 – $339.06
- Year Range: $264.51 – $417.84
- Avg. Volume: 4.88M
- P/E Ratio: 20.09
- Dividend Yield: 2.28%
2. Walmart Inc. (ticker: WMT)
Number second on our list of top recession proof stocks is Walmart Inc. (ticker: WMT). The market capitalization of this company is nearly about 395.54 billion USD.
About Walmart Inc. (ticker: WMT):
Just like dollar tree and target, Walmart Inc. (ticker: WMT) is also a discount retail store that is widely available in America. According to some analysts, Walmart has struggled with excess inventory and cost inflation in recent quarters. On the other hand, the company’s evolving business model, which includes initiatives in e-commerce, technology, and automation, makes it an excellent long-term investment.
Quick Overview:
- Previous Close: $147.41
- Day Range: $145.96 – $148.53
- Year Range: $117.27 – $160.77
- Avg. Volume: 7.16M
- P/E Ratio: 45.32
- Dividend Yield: 1.53%
1. Walt Disney Co. (DIS)
At number one, we have Walt Disney Co. (DIS). The market capitalization of this company is about 171.69 billion USD.
About Walt Disney Co. (DIS):
The Walt Disney Company is a diversified worldwide family entertainment and media company. It operates in five segments: Media Networks, Parks, Experiences, and Products, Studio Entertainment, Direct-to-Consumer, and International (DTCI). As a result, this is unquestionably one of the best stocks to include in your portfolio as the best recession proof stocks.
Quick Overview:
- Previous Close: $94.70
- Day Range: $92.62 – $95.47
- Year Range: $86.28 – $160.32
- Avg. Volume: 18.11M
- P/E Ratio: 53.87
- Dividend Yield: N/A
Conclusion
This is the end of this post, which is about top recession proof stocks. However, there is no surprise in this that discount retailers like Walmart, target, and dollar outperform during the recession time. So, if you are looking to buy any recession proof stocks, then we recommend you to buy any discount retailer company due to stable earnings as well as constant cash flow.
This is it for today. I hope you like it. If so, then let us know in the comment section below.
Happy Investing!
FAQs
Q1. What are the best recession-proof dividend stocks for 2023?
Here are some of the best recession-proof dividend stocks for 2023:
1. Realty Income
2. Duke Energy
3. Flowers Foods
4. Consolidated Edison
5. Coca-Cola
6. PepsiCo
7. Johnson & Johnson
8. General Mills
9. McDonald’s
10. Procter & Gamble
Q2. What stocks are not affected by the recession?
As you already know that there are no such stocks that are 100% recession-proof. On the other hand, consumer staples, health care, and utilities have historically performed better than the overall market during recessions. So, as per the experts at Statanalytica, you can easily buy these stocks that come under this category.
