What are the top defensive stocks to invest in for 2023?
An example of an AI chatbot conversation about top defensive stocks for 2023.
What are the top defensive stocks to invest in for 2023?
Some of the top defensive stocks for 2023 include Procter & Gamble, Johnson & Johnson, and Coca-Cola. These companies tend to perform well during economic downturns.
Why are these stocks considered defensive?
Defensive stocks are typically from industries that provide essential goods and services, which remain in demand regardless of economic conditions. This stability makes them less volatile.
Can you give me more examples of defensive stocks?
Sure! Other examples include Walmart, PepsiCo, and utilities like Duke Energy. These companies have consistent revenue streams.
What should I consider before investing in defensive stocks?
Consider factors like the company's financial health, dividend history, and overall market conditions. It's also wise to diversify your portfolio.
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