We've added three more stocks to our all-weather stock list. These three are odd companies that dominate the niche industry, allowing revenue to grow steadily without correlating with the economy as a whole. CNBC Pro created an all-weather list in late February after seeing concerns in the market. Add stocks to your list over time with the goal of finding durable companies that allow investors to win all kinds of economies. I'll make more lists this year. CNBC Pro uses the analytics, screening techniques and research used by professionals to build them. See the stock list here. New Addition: Playing Legal Costs Our first addition is Burford Capital (BUR), a company that practices litigation finance. According to the company's website, companies and law firms use Burford to “pay fees and expenses, and accelerate anticipated billing, judgments and awards.” It attracted our attention last week by Mark DeBrees, analyst in the Deutsche Bank finance industry, who listed one of the three stocks to buy for an uncertain macroeconomic environment. “Their core demand drivers are essentially unrelated to broader market performance given Burford's commercial litigation funding operations occurring throughout the business cycle,” writes Debbie. Bur YTD Mountain Burford Capital, YTD Plus and analysts believe that stocks aren't just going to survive the recession. He said there is still a backlog of lawsuits that are delayed from the pandemic, “providing revenue tailwinds by at least 2025.” He has a price target of $18 for the stock. One note from Devries. If an Argentina appeal is successful in the case of a investor represented by Burford, the stock price could be damaged. This case involves nationalisation of energy company YPF SA. Next addition: Similar to the addition of waste management, Death Services has long been believed to have another new member of Wall Street to have the ultimate durability, just as the recession was based on garbage transport on being resistant to: Death. Service Corporation International (SCI) is North America's largest provider of death care products and services. As of the end of 2023, it operated over 1,400 funeral homes and nearly 500 cemeteries. The stocks have very consistent returns. Over the past 15 years, there have only been three years, and in 2022 the three worst performances fell by 2.6%. Given the 1.6% dividend, investors have not lost money in this name in 15 years. According to Factset, its bottom line coincides with the company's net profits, which has grown at an annual rate of 7% over the past five years. Sci 5y Mountain Service Corp. International, 5 years, due to the nature of its business, there is no analyst covering stocks. However, Wall Street is generally bullish, and Service Corp. believes revenues will accelerate as the baby boomer population grows older. Analysts will, on average, see 11% upside of their stock over the next 12 months. Next addition: As market data continues and the slowdown in the economy forces businesses to restructure their debts, the demand for services for the next company may increase. The next addition is S&P Global (SPGI), a financial data, analysis and valuation company. Goldman Sachs highlighted S&P Global to its clients as part of a hunt for defensive growth stocks trading at a low price. Investment banks have looked for companies that have consistent sales growth based on history, low stock price volatility, cheap multiples, and S&P Global fits the bill. “Reflecting the benefits of diversification, SPGI's non-valuation business collectively tracks growing high single digits this year, driven by secular tailwinds, market share profits and wallet penetration,” Goldman said in a recent report. “We hope to maintain the amount of debt issued and ratings claimed in 2025, due to continued debt refinancing needs and improved M&A volume.” The stock has only been priced in the past 15 years, and we have paid a small dividend on Boot. UBS recently called it one of the best high quality stocks in the US market. The complete All-Weather List includes the complete All-Weather List of new entrants below. Here you can see the latest CNBC Pro stock list. The above content is subject to our terms and conditions and privacy policy. This content is for informational purposes only and is not aware of any financial, investment, tax, legal advice or recommendations for purchasing security or other financial assets. Content is inherently general and does not reflect the unique personal circumstances of the individual. The above content may not be suitable for your particular situation. You should strongly consider seeking advice from your own financial or investment advisor before making any financial decisions. For the full disclaimer, click here.
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