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3 Defensive Stocks to Buy Amid Volatility By StockNews

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© Reuters. There are 3 defensive stocks to buy amid volatility

Some companies, based on their core strength, have managed to remain stable even though the market is volatile due to increasing inflation and the resurgence in COVID-19 cases. This is evident in the cases of Turkcell Iletisim, Vertex Pharmaceuticals (NASDAQ) and Thermo Fisher. So, we think they are well-positioned to dodge market volatility and as such should be a good addition to one’s portfolio now. Read on.Last week, the Senate’s approval of a compromise bill helped avoid a U.S. debt default. Also, according to a Factset report, more S&P 500 companies have issued positive EPS guidance for the third quarter. The market is still volatile due to ongoing supply disruptions, rising oil prices and an inflationary environment.

Investors are still concerned by the rate of recovery in the world economy, as well the spreading of COVID-19. Bankrate surveys found that the majority of top stock market experts think that there will be a correction in the coming year.

Despite current volatility, Thermo Fisher Scientific Inc. NYSE: and Vertex Pharmaceuticals Incorporated VRTX are thriving. Turkcell Iletisim Hizmetleri A.S. (TKC) could be good additions to one’s portfolio. They could be able to avoid volatility because of their low beta and strong growth characteristics.

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