Certain companies do well in good times and bad.
First company to highlight is Flowers Foods (FLO)
This is a great pick as a hedge against recession. While the company name is not well known they do have major brands you are familiar with such as Wonder Bread, Nature's Own, and Dave's Killer Bread.
The company pays an attractive dividend of 3% and the share price should be fairly stable while everything else is falling apart. The company has been through its fair share of recessions and has been able to survive and grow year after year while paying shareholders larger dividends.
Second company to highlight is General Mills (GIS)
This $40 billion foods giant owns major well known brands such as Cheerios, Pillsbury and Bisquick. General Mills' secret is having products that people can not live without and will continue buying throughout the recession.
It is time to consider reducing some of your growth plays and add to more conservative investments to be able to ride the storm and sleep well at night.
Disclosure: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. The information provided should NOT be considered advice. The topics discussed are risky and have the potential to lose a substantial amount. I am not an investment professional and therefore do not offer individual financial advice. Please do your own research before investing.
Posted Using LeoFinance Beta
