In this video, we’ll be discussing the top 10 recession proof stocks in the Dow Jones & NASDAQ 2023. These are the best stocks to ride out a recession in our opinion, based on their business model, low to no debt, high piles of cash, and sound management that is responsible towards shareholders.

We believe that these stocks will continue to grow in value during times of recession, as they are stocks that are growth oriented and have a solid balance sheet. By following these stocks, you’ll be able to ride out the rough market conditions and still enjoy healthy stock returns!

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In times of economic instability, investors are always on the lookout for recession-proof stocks that can weather the storm and provide a steady return on their investment. With the recent global recession in mind, let’s delve into the top 10 recession-proof stocks on the Dow Jones and NASDAQ for the year 2023.

1. Johnson & Johnson (NYSE: JNJ):
As a leading healthcare company, Johnson & Johnson is well-positioned to withstand economic downturns. The demand for healthcare products and pharmaceuticals remains constant, making this stock a safe bet during a recession.

2. Procter & Gamble Co. (NYSE: PG):
Known for its diverse portfolio of consumer goods, Procter & Gamble is another recession-proof stock. This company’s products, like cleaning supplies, personal care products, and medications, are essential commodities that people continue to buy regardless of the economic climate.

3. Walmart Inc. (NYSE: WMT):
As the world’s largest retailer, Walmart is likely to remain resilient during recessions. During times of financial hardship, consumers tend to become more cost-conscious and look for affordable options, making Walmart a go-to destination for everyday needs.

4. Coca-Cola Co. (NYSE: KO):
Coca-Cola is a classic example of a recession-proof stock. The beverage giant boasts a loyal customer base, and its products enjoy consistent demand regardless of economic conditions. Moreover, Coca-Cola’s global presence adds stability to its revenue stream.

5. Utilities sector:
Utilities companies, such as NextEra Energy (NYSE: NEE), Duke Energy (NYSE: DUK), and American Electric Power Co., Inc. (NASDAQ: AEP), are considered recession-proof stocks. People continue to require electricity, making it a necessity rather than a discretionary expense.

6. Waste Management, Inc. (NYSE: WM):
Waste Management is a prime example of a recession-resilient stock. Even during economic downturns, waste management services are essential and continue to generate revenue consistently.

7. McDonald’s Corporation (NYSE: MCD):
Fast-food chains like McDonald’s tend to fare well during recessions. People may cut back on discretionary spending, but they still seek affordable meal options. McDonald’s ability to provide quick and inexpensive meals makes it a reliable investment.

8. Walmart-owned Amazon.com Inc. (NASDAQ: AMZN):
Amazon.com, the e-commerce giant, has not only transformed the retail industry but also demonstrated resilience during economic downturns. As consumers gravitate towards online shopping, Amazon’s dominance in the market positions it favorably during recessions.

9. AbbVie Inc. (NYSE: ABBV):
Pharmaceutical companies often prove to be recession-proof investments due to their products’ essential nature. AbbVie specializes in research and development of drugs, thereby creating a stable revenue stream.

10. Microsoft Corporation (NASDAQ: MSFT):
Microsoft’s diversified portfolio and technological advancements make it a robust investment. The company provides critical software and cloud services, making it indispensable for businesses and individuals alike.

While these stocks have demonstrated resistance to economic downturns, it’s essential to conduct thorough research and consult with a financial advisor before making investment decisions. While the global markets can be unpredictable, investing in recession-proof stocks can help provide stability and long-term growth in any economic climate.