NextEra Energy (NEE) and Procter & Gamble (PG) are two stocks to consider adding to your wish list in anticipation of a future market downturn. Both companies exhibit strong fundamentals that position them well for resilience during economic stress. NextEra, a leader in regulated utility operations and renewable energy generation, is projected to deliver 8% annualized earnings growth through 2030, with dividend increases expected to continue. Currently, its yield is competitive at 2.5%, making it an attractive option for income-focused investors.
Procter & Gamble, a Dividend King with over 50 years of annual increases, remains a staple in consumers’ lives, ensuring steady demand even in recessionary periods. With a robust focus on innovation and a 2.9% dividend yield, P&G continues to outperform its peers, demonstrating resilience amid budget-conscious consumer behavior.
As market volatility looms, having a pre-prepared list of high-quality stocks like NEE and PG can position investors to capitalize on opportunities when fear drives prices down.
Source: fool.com