As investors worry about greater market volatility looming in 2023, Trivariate Research offers up some cheap, quality stocks that can be used to play defense. Stocks are off to a strong start in 2023, with all three major averages set to finish off a positive first month to the calendar year. Even so, the threat of a recession later in the year has investors seeking to protect their portfolios.
8 ; in the top quartile of Trivariate's high quality model; with a price-to-forward earnings under 12x; and cheap relative to its own history. Here are 10 names. Pfizer is a defensive stock that is compellingly valued, according to the screen. Not only does it have a volatility of 0.53, but it looks cheap, with a forward price-to-earnings ratio of 11.1x. The pharmaceutical stock is down more than 12% to start 2023 on expectations that the number and severity of Covid cases will stabilize.
I heard Pfizer creates viruses and then creates a vaccine to cure the very virus they created. Sounds like a full proof business model. What could go wrong?