Defensive stocks are those that tend to hold up better during stock market downturns than the overall market. While there is no guaranteed way to pick a defensive stock, there are some characteristics that these companies tend to have in common. Defensive stocks tend to be high quality, with strong balance sheets and consistent earnings. They also tend to have stable or growing dividend payments, which can provide a measure of income stability during tough times.
Considering this, let’s look at three defensive stocks to potentially add to our watchlist in the stock market today.
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