With consumer spending softening in recent months, market experts believe the U.S. economy is likely at an inflection point. Simultaneously, as recession fears are mounting and consumers turn pessimistic about the future, investing in stable dividend-paying stocks could help navigate the prevailing market uncertainties.
Therefore, looking at the strong fundamentals of Stantec Inc. (STN), ComfortDelGro Corporation Limited (CDGLY), and Ituran Location and Control Ltd. (ITRN), these stocks could be ideal buy-hold options for your portfolio.
