Submitted by JellyBoyBets t3_z7epp3 in wallstreetbets
I noticed that many budget stores prosper in recessions because people want to save money and buy things for cheaper. Stores like Ross and TJ Max are at highs right now. I want to get into Ross, but think it might be too late. Does anyone have other recession stocks that they bet will prosper when the market doesn’t?
Not really probably late by 1 or 2 months but the recession is just starting and these companies will continue to perform well.
Ok have fun buying Walmart at a 50 PE, one of the boomer Blue chips that PE actually matters
That's why they are at all time highs regard.
Let me know when you find one within a reasonable value so I can one day sell it... lol.
If things are as bad as some are predicting, maybe invest in gun stores and rope manufacturers. Repeat customers won't be a thing but people will pay a premium on those products. Cost won't bother them...
Too dark? Maybe? Naaaa
True or prison stocks
I'm more cynical than Burry. He seems to be predicting complete lawlessness, i'm predicting Game Over for many... On the plus side, fixes the housing crises. Silver linings and all that
*true prison cocks
>I think it's never too late to invest in any stock, but I'd recommend looking for stocks that have an inherent value and are likely to do well regardless of economic conditions. Stocks like energy companies, technology giants such as Microsoft or Amazon, health care providers with stable cash flow models etc. can be a great way to diversify your portfolio during recessions since they tend not only remain unaffected by market fluctuations but may even benefit from them if other sectors struggle.
VM terrifies me
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McDonald's.. always.
Wendy's
Fuck yeah
Walmart, Costco, any food staples like general mills, p&g, etc
OLLI?
Never seen or heard of an Ollie’s before
car rentals do well in recessions...avis, budget, enterprise, hertz, etc
That’s interesting. Why do they do well?
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Recession will last until the end of next year most likely
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I agree so what moves are you making based off that assumption.
I'm planning to play some put spread, maybe some long put debit spread
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just go for things that people will still need (not want) when recession hits. food producers, telecoms/utilities, healthcare.
Should of bought them at the June bottom.
Fk me man I was buying into the recession almost 1 1/2years ago.... feeling like peter.
should HAVE
MCD, BUD, PM, CAG, AWC, PEP and DPZ are my recession plays the last couple weeks. I’ve been in GIS a little longer and like it
Cash.
Prison stocks!
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SJM.
Some good ones for the recovery are CCI, O, META, and of course TQQQ.
I will fight anyone who says to buy shit companies like CVNA, PLTR, and PTON.
How much more do u think the TQQQ will sink? Is this a safe reliable ETF
TQQQ is a complete gamble that the next bear market will start soon. I’d keep the position small and only get into it after you have a nice base of blue chip stocks and ETFs.
lawl, i hope you're not serious.
longGERN t1_iy690rr wrote
Yep typical wsb 6 months late all these stocks have already stabilized or mooned