An economic recession in the United States is likely to happen in the year 2020. Indeed, 74% of U.S. business economists surveyed last month by the National Association for Business Economics predict a recession by the end of 2021, with 40% of them projecting a recession will occur by the end of next year. Many economists believe the trade war with our largest trading partner, China, could be a major catalyst in pushing the economy into a recession.
Here are some recession proof stocks we recommend:
American Water Works (AWK)
American Water is an American public utility company operating in the United States and Canada. The water water utility industry is very recession proof industry, and American Water is the US’s largest investor-owned water and wastewater services company.
NextEra Energy (NEE)
Electric utilities generally hold up quite well when the economy goes south, as they provide a product that most of us would find tough to live without ever for a relatively short time.
NextEra Energy is a top stock choice in the electric utility industry. The Florida-based company owns two electric companies in its home state.
We just revealed this little known company who is likened to Warren Buffet’s early days!
