The likelihood of a recession this year is soaring due to the recent bank failures and the Fed’s rate hikes to bring inflation down to the target level of 2%. Amid this uncertain backdrop, investors can seek refuge in food stocks that could be recession-proof safe havens.
So, we think buying budget-friendly food stocks Saputo Inc. (SAPIF), Want Want China Holdings Limited (WWNTY), and Industrias Bachoco, S.A.B. de C.V. (IBA) could be wise now.
