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September 14th, 2022
Time To Buy This Recession-Proof Stock
Given the market volatility and rate hikes to follow, it’s time once again to turn to stocks that are in better positions to weather a recession.
Here’s one company that has a track record of earnings growth that you should be looking at to add to your watchlist.
Leidos Holdings (LDOS) provides services and solutions in the defense, intelligence, civil, and health markets. They are an American defense, aviation, information technology, and biomedical research company that provides scientific, engineering, systems integration, and technical services.
Leidos merged with Lockheed Martin’s IT sector, Information Systems & Global Solutions, in August 2016 to create the defense industry’s largest IT service provider.
Since 2017 they have had a history of EPS and revenue growth.
While it’s fallen slightly out of favor since April, it’s a low-risk business that relies mostly on government contracts across several recession-resistant industries. Based on its compound growth rate, I see a fair market value of $110, giving this stock plenty of room to move higher.
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