Should you buy these 8 stocks that defied China’s currency fall?

Founder and Publisher of the Switzer Report
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For those worried about the Trump versus China trade war and who want to make their portfolio of stocks more resilient to the fall out if a trade deal fails, let’s look at stocks that didn’t overreact to the bad market reactions to China’s currency devaluation.

When bad news hits, most stocks sink. But the smarties look to play defence before defence is needed and go fishing for stocks that fall into this category.

What I’m saying is this: if we can imagine a rally following a trade deal, growth stocks would take off, so the courageous should be buying them now. However, defence stocks could be good value for an eventual sell off ahead of a recession, which could happen some time down the track. I’m being contrarian wanting to buy defensive stocks, not now, but when growth stocks react positively to a trade deal.

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