There’s no official definition of a bear market, but stock market investors and commentators typically say that it is when stock prices are down by at least 20% from recent highs.
The fifth-largest retailer in the world is Costco Wholesale, a membership-only retailer. It can purchase large amounts of limited inventory using its vast warehouse network, and management can therefore keep prices low and appeal to less price-conscious consumers.
The third-largest wireless carrier in the US is AT&T, based in Dallas, Texas. With its mobile and broadband services, it connects roughly 100 million customers.
Colgate-Palmolive owns scores of market-leading pet nutrition, personal care, and cleaning brands. So, most macroeconomic headwinds do not affect its revenue streams, and the company’s various products grow regardless of the overall economy.
West Fraser Timber is a global forestry company with operations in Canada. It manufactures laminated veneer lumber (LVL), plywood, pulp, medium-density fiberboard (MDF), newsprint, and lumber.
The VanEck Agribusiness ETF is our next pick. It invests in companies that generate more than half of their revenues through agribusiness, including seeds, fertilizers, livestock, farm equipment, and aquaculture.