Hey Insiders, As the Federal Reserve continues to hike interest rates, there are serious concerns that the U.S. and global economies will face a significant recession in 2023. These concerns have caused prices to fall significantly in 2022, but this does not mean there will not be significant opportunities in financial markets. Today we will look at 10 companies that gained value during all recessions since the turn of the millennium. This means they gained during the 2001 tech bubble, the 2007-2009 great recession, and the 2020 coronavirus crash. This list should give you some names to consider as we head into the new year. If you have suggestions for other themes for future stock picks, please reach out on Twitter with your ideas. I am currently looking for content suggestions. Onward and Upward, Liam | | |
Stock To Watch: Southwestern Energy Company (SWN) - This energy company has gained 34% in 2022.
- The company gained 12.6% during the 2001 recession, 39.4% during the great recession, and 127.5% during the 2020 recession.
- Overall, the stock gained an average of 59.8% during recessions.
- Wall Street analysts' consensus is that the stock will gain 68.8% over the next 12 months.
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Stock To Watch: ADTRAN Holdings Inc. (ADTN) - This technology company has lost 10% in 2022.
- The company gained 6.3% during the 2001 recession, 2.9% during the great recession, and 27.8% during the 2020 recession.
- Overall, the stock gained an average of 12.3% during recessions.
- Wall Street analysts' consensus is that the stock will gain 47.6% over the next 12 months.
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Stock To Watch: Semtech Corporation (SMTC) - This technology company lost 67% in 2022.
- The company gained 30.9% during the 2001 recession, 2.5% during the great recession, and 14.6% during the 2020 recession.
- Overall, the stock gained an average of 16% during recessions.
- Wall Street analysts' consensus is that the stock will gain 43.7% over the next 12 months.
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Stock To Watch: ArcBest Corporation (ARCB) - This industrial company lost 34% in 2022.
- The company gained 55% during the 2001 recession, 24.2% during the great recession, and 2.8% during the 2020 recession.
- Overall, the stock gained an average of 27.4% during recessions.
- Wall Street analysts' consensus is that the stock will gain 35.7% over the next 12 months.
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Stock To Watch: Tyler Technologies Inc. (TYL) - This corporate services company lost 38% in 2022.
- The company gained 78.4% during the 2001 recession, 21.2% during the great recession, and 2.3% during the 2020 recession.
- Overall, the stock gained an average of 34% during recessions.
- Wall Street analysts' consensus is that the stock will gain 26.5% over the next 12 months.
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Stock To Watch: QUALCOMM Incorporation (QCOM) - This technology company has lost 33% in 2022.
- The company gained 3.7% during the 2001 recession, 17.3% during the great recession, and 1.3% during the 2020 recession.
- Overall, the stock gained an average of 7.4% during recessions.
- Wall Street analysts' consensus is that the stock will gain 23.5% over the next 12 months.
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Stock To Watch: Royal Gold Inc. (RGLD) - This non-energy materials company has gained 6% in 2022.
- The company gained 103.8% during the 2001 recession, 38.3% during the great recession, and 27.3% during the 2020 recession.
- Overall, the stock gained an average of 56.5% during recessions.
- Wall Street analysts' consensus is that the stock will gain 19.5% over the next 12 months.
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Stock To Watch: Illumina (ILMN) - This healthcare company lost 44.8% in 2022.
- The company gained 41% during the 2001 recession, 31.4% during the great recession, and 20.1% during the 2020 recession.
- Overall, the stock gained an average of 30.8% during recessions.
- Wall Street analysts' consensus is that the stock will gain 18.6% over the next 12 months.
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Stock To Watch: Edwards Lifesciences Corporation (EW) - This healthcare company lost 41.5% in 2022.
- The company gained 28.8% during the 2001 recession, 47.9% during the great recession, and 6.2% during the 2020 recession.
- Overall, the stock gained an average of 27.6% during recessions.
- Wall Street analysts' consensus is that the stock will gain 16.8% over the next 12 months.
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Stock To Watch: F5 (FFIV) - This technology company lost 37.9% in 2022.
- The company gained 317.9% during the 2001 recession, 21.4% during the great recession, and 16.1% during the 2020 recession.
- Overall, the stock gained an average of 118.4% during recessions.
- Wall Street analysts' consensus is that the stock will gain 14.7% over the next 12 months.
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| | Liam Gill is a founder, lawyer and investor. He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law in Vancouver, Canada. | | Editor | Vibha Chapparike is a Freelance Writer & Editor at Inside.com. With her post-graduation in Management and Finance completed, Vibha is expanding her knowledge in venture capital, business, startups, and technology. She has had a career in public relations and communications. An ardent reader and writer currently residing in Singapore, you can follow Vibha on Twitter @VChapparike. | |