Market Pullback Looms: Two Stocks Built to Weather Storm
Bank of America has joined other major finance companies in warning that the stock market is due for a pullback. This comes after JPMorgan Chase CEO Jamie Dimon framed the risks as 'tectonic plates shifting below the surface', which can lead to earthquakes.
When tectonic plates violently collide, investors face significant losses. To minimize this risk, it's essential to focus on companies with resilient business models that will carry them through a market pullback, even in a deep bear market.
Two such companies are Realty Income and Visa. Realty Income is a high-yield REIT with a portfolio of over 15,500 properties across North America and Europe. It has a geographically diversified portfolio, including single-tenant retail assets, industrial properties, and unique assets like casinos and data centers.
The company's resilience shows up in multiple areas, including its ability to maintain occupancy above 96% during the Great Recession. This helps explain how Realty Income has increased its dividend annually for 31 consecutive years.