It should be obvious to most of you that we are entering tougher economic times as the rising cost of livings really starts to bite, therefore, we want to have exposure to stocks with some defensive characteristics.
Alcohol consumption is likely to hold up pretty well during a recession so Endeavour Group (EDV) is on our BUY list….
We also asked ChatGPT (AI) what it thinks, and interestingly enough it shared our sentiments:
‘Yes, it is common for people to drink more when they are experiencing difficult or challenging times. Drinking alcohol can be a way for some individuals to cope with stress, emotional pain, or hardships they are facing. In times of adversity, people may turn to alcohol as a means of temporary escape or relaxation. It can provide a sense of comfort or relief from the burdens they are dealing with.’
Endeavour is Australia’s number one player in alcohol with ownership of Dan Murphy’s and BWS bottles shops plus the group also runs the country’s largest portfolio of pubs.
BUY last sale $6.35