2 Recession-Resilient Stocks to Drive Your Portfolio
Depending on whom you ask or what financial institution you listen to, the current odds of a U.S. recession in the near term fall roughly between 45% to 60%. The probability has been on the rise of late thanks largely to increased trade policy uncertainty and a potential slowdown in global growth due to U.S. tariffs.
That said, here are two recession-resilient stocks to keep on your radar and found in the unlikeliest of places: the auto industry.
(NYSE: RACE) is well-known for its racing heritage as well as its ultra-luxury vehicles, but it's not as well-known for its high-flying stock gains -- and that's a shame.
Source Fool.com
Ferrari NV Stock
€393.50
-1.450%
With 14 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 478 € there is a positive potential of 21.47% for Ferrari NV compared to the current price of 393.5 €.
