Buy 5 Defensive Stocks As US-China Trade Conflicts Intensify

Our Top Picks

Stock markets are likely to remain volatile in near future due to trade concerns, geopolitical conflicts and maybe some sector-specific issues. At this stage, investment in defensive sectors such as utilities, consumer staples, and telecom will be fruitful.

We have narrowed down our search on five stocks with either a Zacks Rank #1 (Strong Buy) or 2 (Buy) and strong growth potential.

The chart below shows the price performance of our five picks in the last three months.

(Click on image to enlarge)

Comtech Telecommunications Corp. (CMTL - Free Report) designs, develops, produces and markets innovative products, systems, and services for advanced communications solutions. The company sports a Zacks Rank #1. Comtech Telecommunications has expected earnings growth of 247.1% for the current year. The Zacks Consensus Estimate for the current year has improved by 4.4% over the last 60 days.

Plantronics Inc. (PLT - Free Report) is a global leader in audio communications for businesses and consumers which allow people to simply communicate. The company sports a Zacks Rank #1. Plantronics has expected earnings growth of 18.9% for the current year. The Zacks Consensus Estimate for the current year has improved by 19.9% over the last 60 days.

Atlantica Yield plc (AY - Free Report) owns, manages and acquires a diversified portfolio of contracted assets in the power and environment sectors. The company sports a Zacks Rank #1. Atlantica Yield has expected earnings growth of 583.3% for the current year. The Zacks Consensus Estimate for the current year has improved by 26.1% over the last 60 days.

Algonquin Power & Utilities Corp. (AQN - Free Report) is a renewable energy and regulated utility company engaged in the ownership of power generation facilities, and water and energy utilities. The company sports a Zacks Rank #1. Algonquin Power & Utilities has expected earnings growth of 13.8% for the current year. The Zacks Consensus Estimate for the current year has improved by 8.2% over the last 60 days.

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Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

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