Places to Hide in a Stock Market Crash: High-Quality Stocks
A rising tide is said to lift all boats, but the same is generally true for a falling tide, as it tends to take down all boats regardless of their seaworthiness. Still, high-quality stocks are always good to own, and by high quality, I’m talking about market dominators that are killing it in terms of revenue, earnings power, cash flow, cult-like customer loyalty or a product or service that has changed the way the world does things.
There are a lot of companies that fit this bill, but a few stalwarts that come to mind here are Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Celgene Corporation (NASDAQ:CELG) and Johnson & Johnson (NYSE:JNJ), but there are scores of high-quality stocks to put on your shopping list during a market crash.
Yes, these stocks will likely take a hit when the tide falls, but these sturdy vessels also will be the ones you want own at a discount for the next high tide … and there’s always a next high tide.