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Defensive stocks are like that reliable friend who shows up with snacks during a movie marathon, no matter the drama on screen! These stocks come from industries that provide essential goods and services, such as utilities, healthcare, and consumer staples. Thereby making them less vulnerable to economic ups and downs. While the market might be doing its rollercoaster thing, companies in these sectors continue to generate steady revenue because people still need electricity, groceries, and healthcare. So, when the market gets a bit shaky, investing in defensive stocks can offer that comforting stability, like a warm blanket on a chilly day! With that, let’s look at two stellar options.
Waste Connections
Waste Connections (TSX:WCN) shines as a perfect defensive stock, especially highlighted by its impressive second-quarter 2024 results. The company reported a revenue increase of 11.2% year over year,…
