For starters, recession-proof stocks are those that tend to maintain their value or even increase in value during times of economic downturns, such as a recession. These stocks are thought to be less susceptible to fluctuations in the market due to economic cycles. Industries that are often considered recession-proof include utilities, consumer staples, and healthcare.
These industries tend to have a relatively consistent demand for their products or services, regardless of the state of the economy. It is important to understand, however, that no stock is completely immune to market fluctuations and all investments come with some level of risk. Considering this, here are two recession-proof stocks to keep an eye on in the stock market this year.
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