6 Growth Stocks That Look Recession-Resistant, According to Morgan Stanley

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Apple, Boston Scientific, Costco, Monster Beverage, UnitedHealth, and Colgate-Palmolive shares could still rise in the face of a consumer-spending slump,...

Normally, buying “defensive” stocks protects the portfolio against a potential recession, but it also usually means accepting what may be smaller gains. The good news is that Morgan Stanley equity strategists screened for defensive names that also offer fairly high growth—so they can still produce high returns.

That’s a reason some investors will seek protection. Defensive stocks are conventionally less volatile than the broader market. They may have ample cash on the balance sheet for ballast, or they may be in sectors less subject to spending pullbacks by consumer and businesses. Think about stable businesses such as groceries, small household products, healthcare insurance, drug makers or utilities. Many of these companies also pay dividends.

Newsletter Sign-up Another is UnitedHealth Group . Health insurance certainly isn’t something folks cut out of their budgets when money is tight. Plus, analysts are looking for annualized sales growth of about 8% for the next three years beyond 2023 to $463 billion in 2026, according to FactSet, as the company brings in close to a million new Medicare advantage members annually.

 

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