Defensive industries are typically looked at by investors in times of uncertainty.
Indeed, we have interest rates near 40 year highs, inflation is still high, and the inverted yield curve and other factors point to a likely recession on the horizon. Yes, we haven’t seen this expected recession materialize yet. However, there are plenty of investors looking to diversify into defensive stocks and away from aggressive growth right now.
For those looking for more stable and consistent returns over the next year or two, here are three great long-term defensive stocks to consider.
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