💫Recession Stocks to Watch💫

Following a 1.4% decline in GDP last quarter, the U.S. is set for 0% growth in Q2 2022. This comes as the FED has been increasing interest rates due to high inflation, which has decreased spending in the economy. Further, the increased value of USD has caused a decrease in foreign spending when measured in USD. Overall it appears to be clear that the country is headed toward an official recession at the end of this month. 

Let’s look at stocks that outperformed during the last three recessions that you may consider as a safe harbor in the coming quarters. 

💫Recession Stocks to Watch💫  Following a 1.4% decline in GDP last quarter, the U.S. is set for 0% growth in Q2 2022. This comes as the FED has been increasing interest rates due to high inflation, which has decreased spending in the economy. Further, the increased value of USD has caused a decrease in foreign spending when measured in USD. Overall it appears to be clear that the country is headed toward an official recession at the end of this month.   Let’s look at stocks that outperformed during the last three recessions that you may consider as a safe harbor in the coming quarters.

Sam Mendoza

Stock to Watch: Northwest Natural Holding Co. (NYSE: NWN)

• Northwest Natural Holding Co. stock is up 4.2% year to date. 
• Northwest Natural Holding Co. returned -0.3% during the 2020 recession. 
• Northwest Natural Holding Co. returned -4.2% during the Great Recession from 2007 to 2009. 
• Northwest Natural Holding Co. returned 5.8% during the 2001 recession. 
• Northwest Natural Holding Co. has averaged returns of 0.4% during the last three recessions.

Stock to Watch: Northwest Natural Holding Co. (NYSE: NWN)  • Northwest Natural Holding Co. stock is up 4.2% year to date.  • Northwest Natural Holding Co. returned -0.3% during the 2020 recession.  • Northwest Natural Holding Co. returned -4.2% during the Great Recession from 2007 to 2009.  • Northwest Natural Holding Co. returned 5.8% during the 2001 recession.  • Northwest Natural Holding Co. has averaged returns of 0.4% during the last three recessions.

Stock to Watch: Corporate Office Properties Trust (NYSE: OFC)

• Corporate Office Properties Trust stock is down 5.9% year to date. 
• Corporate Office Properties Trust returned 5.3% during the 2020 recession. 
• Corporate Office Properties Trust returned 0.0% during the Great Recession from 2007 to 2009. 
• Corporate Office Properties Trust returned 28.3% during the 2001 recession.

Stock to Watch: Corporate Office Properties Trust (NYSE: OFC)  • Corporate Office Properties Trust stock is down 5.9% year to date.  • Corporate Office Properties Trust returned 5.3% during the 2020 recession.  • Corporate Office Properties Trust returned 0.0% during the Great Recession from 2007 to 2009.  • Corporate Office Properties Trust returned 28.3% during the 2001 recession.

Stock to Watch: New Jersey Resources (NYSE: NJR)

• New Jersey Resources stock is up 4.5% year to date. 
• New Jersey Resources returned -3.4% during the 2020 recession. 
• New Jersey Resources returned 16.4% during the Great Recession from 2007 to 2009. 
• New Jersey Resources returned 16.2% during the 2001 recession. 
• New Jersey Resources has averaged returns of 9.7% during the last three recessions.

Stock to Watch: New Jersey Resources (NYSE: NJR)  • New Jersey Resources stock is up 4.5% year to date.  • New Jersey Resources returned -3.4% during the 2020 recession.  • New Jersey Resources returned 16.4% during the Great Recession from 2007 to 2009.  • New Jersey Resources returned 16.2% during the 2001 recession.  • New Jersey Resources has averaged returns of 9.7% during the last three recessions.

Stock to Watch: City Holding Company (NASDAQ: CHCO)

• City Holding Company stock is down 3.2% year to date. 
• City Holding Company returned 2.5% during the 2020 recession. 
• City Holding Company returned 4.3% during the Great Recession from 2007 to 2009. 
• City Holding Company returned 28.7% during the 2001 recession. 
• City Holding Company has averaged returns of 7.3% during the last three recessions.

Stock to Watch: City Holding Company (NASDAQ: CHCO)  • City Holding Company stock is down 3.2% year to date.  • City Holding Company returned 2.5% during the 2020 recession.  • City Holding Company returned 4.3% during the Great Recession from 2007 to 2009.  • City Holding Company returned 28.7% during the 2001 recession.  • City Holding Company has averaged returns of 7.3% during the last three recessions.

Stock to Watch: Chesapeake Utilities (NYSE: CPK)

• Chesapeake Utilities stock is down 17.2% year to date. 
• Chesapeake Utilities returned 3.3% during the 2020 recession. 
• Chesapeake Utilities returned 7.9% during the Great Recession from 2007 to 2009. 
• Chesapeake Utilities returned 6.9% during the 2001 recession. 
• Chesapeake Utilities has averaged returns of 6.0% during the last three recessions.

Stock to Watch: Chesapeake Utilities (NYSE: CPK)  • Chesapeake Utilities stock is down 17.2% year to date.  • Chesapeake Utilities returned 3.3% during the 2020 recession.  • Chesapeake Utilities returned 7.9% during the Great Recession from 2007 to 2009.  • Chesapeake Utilities returned 6.9% during the 2001 recession.  • Chesapeake Utilities has averaged returns of 6.0% during the last three recessions.

Sam Mendoza

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