If you’ve got the stock market jitters, here are 20 companies in two defensive sectors

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Investors tend to shift to health-care and utilities stocks when economic growth slows.

When investors expect economic growth to slow, interest in defensive sectors — health care and utilities — tends to perk up. This has been happening during the third quarter.Read: Goldman Sachs trims U.S. growth outlookDuring the third quarter, the utilities sector has been especially strong, especially when considering that it is a laggard for all of 2021. Health care has also made a good third-quarter showing, while performing much better for 2021.

Meanwhile, the utilities sector on average is trading closer to the index than it has. The prolonged low-interest-rate environment may help explain the higher valuation for the utilities sector, which is associated with attractive dividend yields.

Here’s some additional information. Consensus revenue estimates through 2024 are available for 18 of the 20 companies, while they are available through 2025 for 13 of them. Here they are with the companies in the same order, with three-year and four-year expected compound annual growth rates to the right, where applicable. Figures are in millions of dollars.

 

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