Defensive stocks are shares of companies that are considered to be relatively insulated from economic downturns. These companies typically provide essential products or services, and their businesses are less sensitive to changes in consumer spending patterns. As a result, defensive stocks tend to outperform the broader market during periods of economic weakness.
For this reason, many investors view defensive stocks as a safe haven during times of uncertainty. In addition, defensive stocks often pay dividends, which can provide a source of income for investors during periods of stock market volatility.Considering this, let’s take a look at three top defensive stocks for your November 2022 watchlist.
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