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10 Best Defensive Stocks to Invest in 2023

A defensive stock is a stock that demonstrates relatively stable performance regardless of the current state of the economy. Defensive stocks are also called non-cyclical stocks, as they are less prone to the economic cycle of expansions and recessions. Defensive stocks will come with a steady dividend payment and a more constant share price.

Defensive stocks are stocks that provide consistent dividends and stable earnings regardless of the state of the overall stock market. They tend to be more stable during the various phases of the business cycle. Some key characteristics of defensive stocks are:

• Stable performance: Defensive stocks do not follow the economic cycle during expansions and recessions. They provide slow and steady growth with minimal peaks and valleys.
• Consistent dividends: Defensive stocks tend to provide dividends in both bull and bear markets, which can help you have a steady revenue stream.
• Low volatility: Adding defensive stocks to your portfolio helps reduce volatility. They protect your portfolio from major losses when the economy turns downward.
• Industries: Defensive stocks are found in industries that offer goods and services that consumers continue to utilize even when the economy is not doing well. These include utilities, consumer staples, healthcare, and more.

-forecast.com/stock-market/best-defensive-stocks/