Defensive stocks are the unsung heroes of the investing world. These stocks don’t dazzle with meteoric gains or grab headlines with revolutionary technologies. Instead, the stocks do something even more critical: provide stability. These stocks – which belong to sectors like utilities, consumer staples, and transportation – are resilient during market turbulence. With the recent economic unpredictability, investing in defensive stocks like Alimentation Couche-Tard (TSX:ATD) and Canadian National Railway (TSX:CNR) makes a strong case for anchoring your portfolio.
The stocks
Alimentation Couche-Tard is a global leader in the convenience store industry, operating brands like Circle K. Its latest quarterly results show why it’s a top pick. Revenue for the trailing 12 months hit $71.9 billion, marking 17% year-over-year growth. While earnings per share (EPS) dipped slightly, the company’s forward price/earnings (P/E) of 19.9…
