I'm not talking about astronomical growth. However, I think there are some stocks that's good (or neutral) in a recession while also having some upside due to technological advancement or expansion into a new territory.
Some example:
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Costco: People gravitates towards bulk buying and Kirkland brands during tough economic times. However, Costco still has a ton of room to grow. Charlie Munger said Costco can become an online retailer challenger to Amazon.
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Walmart: Walmart is quietly building up their online offerings and delivery service. I personally use their grocery delivery service and it isn't terrible. Maybe 3 to 5 years from now they can be the #2 online retailer after Amazon and Costco.
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LMT: Defense spending is not likely to go down any time soon. Plus LMT also have divisions for space exploration, automation, AI, energy storage, and cybersecurity. The only down side is that this stock is already through the roof due to current Russian aggression.
Would love to hear everyone's picks for “good in recession with possibility of moderate to great growth” stocks.
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