When it comes to investing in the stock market, it’s important to prioritize stability over trying to get too fancy. Two defensive TSX stocks that offer just that are worth considering for your portfolio right now.
The first stock to consider is Fortis Inc. (TSX:FTS). As a leading utility company, Fortis provides essential services that are in constant demand regardless of economic conditions. This stability has allowed the company to increase its dividend for 47 consecutive years, making it a reliable choice for investors looking for steady income.
Another defensive stock to consider is Metro Inc. (TSX:MRU). As a leading grocery retailer in Canada, Metro has proven to be a resilient investment during times of market uncertainty. The company’s focus on essential goods and services has helped it maintain strong financial performance, making it a solid choice for investors seeking stability.
By focusing on defensive stocks like Fortis Inc. and Metro Inc., investors can build a stable and reliable portfolio that can weather market volatility. Don’t get cute with your investments; prioritize stability and consider adding these defensive TSX stocks to your portfolio now.