Defensive stocks are stocks of companies that deliver products and services of essential or necessary nature like healthcare, medicines, basic utilities, consumer goods, etc. The demand for such companies is the same through various business cycles, and therefore, they offer stable income and growth prospects to investors, making them ideal investment choices during market uncertainties.
Given this backdrop, it could be wise to invest in quality defensive stocks Johnson & Johnson (JNJ), Pfizer Inc. (PFE), and Genie Energy Ltd. (GNE) for stability amid market volatility.
