Defensive stocks for worried investors to buy if upcoming threats rattle the market

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CNBC Pro looked for names in the S&P 500 that are steadier than the market.

With the market on edge ahead of the Federal Reserve's decision on interest rates, here's a way to play it safe. Central bank leaders have a tough job ahead as they attempt to stabilize prices while avoiding a painful recession. In anticipation of the Fed's decision, stocks are losing their momentum this week while oil prices surge and consumer sentiment sours. Ongoing labor-management conflicts could also start having a ripple effect in the economy if they persist.

The company delivered mixed quarterly results in early August, posting strong production numbers and mostly favorable prices while second-quarter sales missed expectations and profit outpaced estimates. Digital Realty Trust is another potential safety bet for investors. Shares of the real estate investment trust have popped nearly 27% this year, fueled by a boom in artificial intelligence that could increase the pricing power of the company's data centers.

 

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