
With inflation still well above the Fed’s target, the stock market is expected to remain under pressure as concerns grow that more interest rate hikes will be needed. Amid rising odds of a recession Large-cap stocks could be safer picks due to their low volatility and ability to generate stable cash flows, irrespective of economic conditions.
I believe UnitedHealth Group Incorporated (UNH), Walmart Inc. (WMT) and Cisco Systems, Inc. (CSCO) are the best large-cap stocks to own in 2023. These stocks might help survive a market downturn.