In today’s uncertain market, many investors are looking for lower-risk options to protect their portfolios. For those seeking defensive stocks on the TSX, here are three solid choices to consider.
1. BCE Inc. (TSX: BCE) – This telecommunications giant has a strong track record of steady revenue and dividend growth. With a diverse business model that includes wireless, wireline, and media segments, BCE offers stability and resilience in turbulent times.
2. Fortis Inc. (TSX: FTS) – As a leading North American utility company, Fortis provides essential services that are in demand regardless of economic conditions. With regulated operations and a focus on long-term growth, Fortis is a reliable option for risk-averse investors.
3. Empire Company Limited (TSX: EMP.A) – Empire owns the popular grocery chain Sobeys, making it a defensive play in the consumer staples sector. With a strong presence in the Canadian market and a history of consistent performance, Empire offers stability and potential for growth.
These three TSX stocks are well-positioned to weather market volatility and provide lower-risk opportunities for investors. Consider adding them to your portfolio for added protection and peace of mind.