Recession worries have once again gripped the stock market. U.S. bond yields are falling, the yield curve is inverting, and pundits are prognosticating. Of course, Morningstar isn’t in the business of predicting where the market is headed. Still, equities have been in rally mode for most of the past decade. It’s not unreasonable to suggest that playing a little defense right now might be a good idea.
As such, we’re looking for some undervalued defensive stock picks.
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Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.