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With an increasingly difficult-to-predict macro backdrop, investors have two choices. They can either bet on a soft landing and a continuation of the bull market for the coming years. Or there’s always the option of rotating into more defensive stocks to gain exposure to sectors that can weather a potential incoming economic storm.
While the jury remains out on whether we’ll see a soft landing or not, being conservative can pay off. For those looking to tilt their portfolio in a more defensive direction in 2024, here are three stocks I’d consider right now.
Dollarama
Dollarama (TSX:DOL) is a Canada-based discount retailer renowned for its strong fundamentals and growth trajectory. The company deals primarily in household goods such as beauty products, seasonal merchandise, cleaning products, plastic and paper items, children’s toys, and more. It also deals with pet food, confectionery, art and…
