After months of blistering growth, the market has started to show signs of weakness. There are multiple reasons why conditions have cooled, including uncertain surrounding North Korea, and an unpredictable president that has struggled to advance his agenda thus far.
The market hit record highs early in August, but over the last month has trended lower as investors worry about the possibility that stocks have risen too high, and the market will continue to give back some of its recent gains during the latter part of the year.
While there is a lot of uncertainty in the market, there are still plenty of high-quality names out there that are good buy candidates at this time. Despite the recent downward move, overall sentiment remains upbeat, and the recent earnings season showed that earnings continue to grow strong enough to warrant keeping your money working in the market.
Whenever uncertainty hits the market, you want to make sure that you have your money working in stocks that are defensive in nature, and have remained strong despite whatever level of weakness has hit the broader market.
If you are nervous over the possibility of a market selloff in the latter part of the year, but want to keep your money working in stocks, the following stocks are great buy candidates when the broader market starts to weaken.