Defensive Stocks for Uncertain Times

Submitted by Marco Palmero on 7 February, 2008 - 15:12

I caught a discussion on TV the on Tuesday on the Midday report on the ABC about possible stock picks considering the current global and local economic situation. The expert (sorry didn't catch his name or which firm he was from) said its time to go safe and invest in "defensive stocks" (keyword = invest!)

The newsreader asked him what was his stock picks and here they are - defensive stocks for uncertain times:

  • Australian Securities Exchange (ASX) - because the exchange has a monopoly
  • BHP Billiton - growth in the long term still on the boards with China and India helping that front along
  • CSL - provides human medicines: which everyone needs
  • Toll Holdings (TOL) - Long term growth, company supports distribution infrastructure
  • Woolworths (WOW) - A staple which everyone needs to purchase their groceries even during a recession