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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines