Analysts have cautioned of a recession this year as the Fed remains committed to raising interest rates to fight inflation. Moreover, given the regional bank failures in the U.S. recently, some strategists now expect a contraction in the economy to come sooner.
Fast food stocks tend to be great defensive picks as the recession moves in. So, I think investing in McDonald’s Corporation (MCD) and Nathan’s Famous, Inc. (NATH) could be wise now.
