3 Stocks to Buy for Growth and Downside Protection
American Express(AXP) Investor Place·2024-06-28 23:27
Most stocks present investors with two choices: growth or downside protection. A company like Nvidia (NASDAQ:NVDA) can generate sizable returns if it continues to grow. However, a slowdown in AI spending or unsavory macroeconomic conditions can result in a sharp correction. Verizon (NYSE:V) investors don’t have to worry about a sharp and sudden decline. The telecom giant isn’t going anywhere and has a 15 P/E ratio. The 6.61% yield is a big draw for Verizon, but the stock hasn’t been a good performer. Shares ...