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Defensive stocks
The shares of companies that are well-positioned to withstand recession, usually because the goods and services they sell are essential items rather than luxuries. Food groups, utility companies and banks are traditionally regarded as good defensive stocks, and when the market turns bearish you will often read in the financial press about a 'flight' to these kinds of stocks.
Similar MatchesDefensive securitiesDefensive securities
Securities which are considered to be more stable in price in a market where prices are falling.
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