Looking for some undervalued defensive stocks to add to your portfolio in 2024? Here are 15 options to consider:
1. Johnson & Johnson (JNJ): A healthcare giant with a strong track record of stability and growth.
2. Procter & Gamble (PG): A consumer goods company known for its reliable dividends.
3. Coca-Cola (KO): A staple in the beverage industry with a global presence.
4. Lockheed Martin (LMT): A defense contractor with a history of government contracts.
5. Clorox (CLX): A household cleaning products company that has seen increased demand during the pandemic.
6. PepsiCo (PEP): A diversified food and beverage company with a strong brand portfolio.
7. General Dynamics (GD): A defense contractor with a focus on aerospace and defense.
8. Kimberly-Clark (KMB): A leading provider of personal care and hygiene products.
9. Raytheon Technologies (RTX): A technology and defense company with a strong presence in the aerospace industry.
10. Costco Wholesale (COST): A membership-based retailer known for its low prices and loyal customer base.
11. UnitedHealth Group (UNH): A healthcare company offering a range of insurance and healthcare services.
12. Waste Management (WM): A leader in environmental services and waste disposal.
13. Colgate-Palmolive (CL): A consumer goods company known for its oral care products.
14. Northrop Grumman (NOC): A defense contractor with a focus on aerospace and cybersecurity.
15. Sysco (SYY): A leading distributor of food products to restaurants and other foodservice businesses.
These undervalued defensive stocks offer stability and potential for growth in 2024. Consider adding them to your portfolio for a well-rounded investment strategy.