Defensive Stocks In Billionaire Ray Dalio’s Latest Portfolio


Through a LinkedIn article, the founder of Bridgewater Associates discusses his views on the state of the economy. According to Ray Dalio, battling inflation by sharply raising interest rates won’t help the economy. The stock of Newell Brands Inc. analyst Andrea Teixeira of JPMorgan maintained an Overweight rating while lowering the price target from $29 to $26. As the markets fell, Cramer said it was time to purchase, even if it meant suffering short-term loss.

Insider Monkey lists 10 defensive stocks in billionaire Ray Dalio’s latest portfolio. Since 1895, Colgate-Palmolive Company has a long history of distributing dividends. For the past 60 years, the corporation has been raising its annual dividend. As a result, the business is now a member of the elite Dividend Aristocrat list. Since Black Monday in 1987, the stock’s price dropped by the most in a single day. The strong business fundamentals of Target Corporation make it a reliable defensive pick. Analysts predict that over the next 30 years, the company will produce inflation-adjusted returns that are 2.5 times greater than those of the S&P 500. For the past 50 years, Abbott Laboratories’ dividend has steadily increased. Last year, the company’s organic growth increased by 29.6% YoY. It is a member of the Dividend Aristocrat list and is anticipated to increase its dividend by 4.4% in 2022. With locations in more than 118 countries, the fast-food company McDonald’s Corporation is located in Chicago, Illinois. The company is valued at 18.7x times its forward EBITDA, which represents an 8 percent premium over its rivals. In a shareholder meeting held on June 6, Walmart Inc. reaffirmed its dedication to meeting its FY23 target. Since Q1 2022 numbers started to be released, the retail industry has been under tremendous pressure, thus, this was a good development for the company. For more details, click the 10 defensive stocks in billionaire Ray Dalio’s latest portfolio.