Abbott Labs Stock Can Be a Recession Hedge for Your Portfolio

Diversified global medical science products maker Abbott (NYSE: ABT) stock is down a modest (-11.5%) on the year. Abbott provides full lifecycle health and medical products from baby formula to nutrition supplement products, chronic disease treatments and medical devices to generic pharmaceuticals. Healthcare is one of the few recession proof sectors and Abbott’s portfolio of…

Costco Stock is Springing Back to Life

Membership based warehouse retailer Costco (NASDAQ: COST) stock has trimmed its losses to (-7.7%) on the year. The retail giant operates 830 warehouses worldwide including the majority 574 locations in the U.S. It has fared much better than rival consumer retailers Target (NYSE: TGT) and Walmart (NYSE: WMT). Consumers are opting to buy food and…

1 Biotech Stock That Stands out From the Rest

Amgen (AMGN) has undertaken several strategic growth initiatives to capitalize on the expanding biotech industry. In addition, several FDA drug approvals and other research and development breakthroughs make it well-positioned to witness significant growth in the near term, making it an ideal candidate for investors seeking to gain exposure in the biotech industry. Read on…