in our free newsletter.

Thousands benefit from our email every week.

Coca-Cola (KO)

You don’t need to be a Wall Street analyst to see why Coca-Cola could be a great stock to own in turbulent times. Whether the market is rallying or plunging, a can of Coke is still affordable to most people.

Factor in the strength from its iconic brand portfolio — includes the likes of Sprite, Minute Maid, Vitamin Water and Powerade — and the fact that its products are sold in more than 200 countries, and it’s clear that the business model can thrive through thick and thin.

In Q4, the beverage giant’s net revenue grew 10% year over year, driven by a 9% increase in global unit case volume.

Last month, the company announced its 60th consecutive annual dividend increase, boosting its quarterly payout to 44 cents per share. The stock now yields an attractive 3%.

On Feb. 8, Morgan Stanley analyst Dara Mohsenian raised his price target on Coca-Cola from $65 to $71 while maintaining an overweight rating. The price target implies a potential upside of 20% from current levels.

Fine wine is a sweet comfort in any situation — and now it can make your investment portfolio a little more comfortable, too. Now a platform called Vinovest helps everyday buyers invest in fine wines — no sommelier certification required.

Invest Now

Procter & Gamble (PG)

Procter & Gamble is another defensive stock that has the ability to deliver cash returns to investors in different economic environments.

Last April, P&G’s board of directors announced a 10% increase to its quarterly payout, marking the company’s 65th consecutive annual dividend hike. The stock currently offers an annual dividend yield of 2.3%.

It’s not difficult to understand why the company is able to maintain such a streak.

P&G is a consumer staples giant with a portfolio of trusted brands like Bounty paper towels, Crest toothpaste, Gillette razor blades and Tide detergent. These are products that households buy on a regular basis, regardless of what the economy is doing.

The business is growing, too. In the December quarter, P&G’s net sales totaled $21 billion, up 6% from a year ago.

Mohsenian raised his price target on P&G from $161 to $177 in January – roughly 20% above where the stock sits today. P&G is the analyst’s favorite company in the household products space and he maintains an overweight rating on the stock.

American Electric Power (AEP)

Investing in utility stocks is a tried and true way of recession-proofing a portfolio. No matter how many times the Fed raises interest rates — and how bad the next bear market turns out to be — people will still need to heat their homes and turn on the lights.

Morgan Stanley maintains an overweight rating on regulated electricity giant American Electric Power. By operating the nation’s largest electricity transmission system and over 224,000 miles of distribution lines, AEP delivers power to 5.5 million customers in 11 states.

In Q4 of 2021, the company generated operating earnings of 98 cents per share, up 13% year over year. Management also raised its full-year guidance, and now expects to deliver $4.87 to $5.07 per share in 2022 operating earnings. AEP’s operating earnings clocked in at $4.74 per share in 2021.

Strong utility businesses are typically well-positioned to pay steadily growing dividends, and that’s exactly what management has been doing. Over the past five years, AEP’s per-share quarterly dividend payout has increased by 32%. The stock currently yields a solid 3.2%.

Morgan Stanley has a price target of $105 on AEP shares, implying upside of about 10.5% from current prices.

Sign up for our Moneywise newsletter to receive a steady flow of actionable ideas from Wall Street's top firms.

More from Moneywise

Get a piece of commercial real estate

Enhance your portfolio with high-return commercial real estate

First National Realty Partners is the #1 option for accredited investors seeking superior risk-adjusted returns in the grocery-anchored necessity-based retail space.

While commercial real estate has always been reserved for a few elite investors, outperforming the S&P 500 over a 25-year period, First National Realty Partners allows you to access institutional-quality commercial real estate investments — without the leg work of finding deals yourself.

Invest with First National Realty Partners now.

What to Read Next


The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.