Investors looking for stocks to ride out a recession may want to consider NextEra Energy and cyber security firm Fortinet , according to one fund manager. Trent Masters of investment management firm Alphinity noted that about 60% of NextEra's revenues come from its regulated utility subsidiary, which can raise prices at a fixed rate above inflation each year.
NEE 1Y line Chart showing share price of NextEra Energy over the past year Masters, whose team manages 4 billion Australian dollars worth of assets, also discussed Fortinet, a cyber security company, with CNBC's Amanda Drury on Thursday. The fund manager said Fortinet would likely see revenue growth this year despite a global recession as companies fear being hacked amid an increase in online crime.
PatriciA_EIIis LISTEN TO ME …. AMC and APE are recession proof …
Screw that...I'm investing in eggs!