Strong Defensive Day

If you’re ever curious if a particular stock is a “defensive” stock or not, a simple test would be to see how it did on May 29, 2018. If it beat the market, then yes, it’s very likely a defensive stock.

The stock market took a tumble today thanks to worries about Italy. The Dow is currently off about 400 points. Most of the damage has spared defensive stocks. By this, I mean sectors like REITs, Utes and Consumer Staples. Hormel is actually up today.

Posted by on May 29th, 2018 at 3:42 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.