While the economy has largely withstood the Federal Reserve’s interest-rate increases so far, some experts remain concerned about the possibility of recession.
“Upbeat inflation data makes a soft landing feasible, but a recession may happen anyway,” said Preston Caldwell, chief U.S. economist for Morningstar, assessing the next six months. “The probability of a formal recession being declared is around one-third.”
Morningstar put together a list of the 10 most undervalued recession-resistant stocks. It measures valuation according to its analysts’ fair value estimates.