Among the main concerns on investors’ minds now would be the ongoing war in Ukraine and upcoming interest rate hikes. With these two daunting factors to consider moving forward, defensive stocks could be in focus in the stock market now.
Overall, markets have and continue to remain volatile as fighting between Ukraine and Russia enters a second week. On this front, Russian forces have reportedly seized a nuclear power plant in Ukraine. With all this in mind, it would make sense that investors are keen to go on the defensive now.
For those uninitiated, defensive stocks mainly consist of firms that operate in vital industries. The likes of which see constant demand for their offerings, regardless of economic cycles. Additionally, some would also look at companies that offer regular dividends as well. Safe to say, there is no shortage of exciting news in the defensive segments of the market. Could one of these defensive stocks be top picks in the stock market today?
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