Defensive stocks tend to perform relatively well amid economic slowdowns.
It's reasonable for investors to consider Target's (TGT -0.70%) stock as a potential defensive investment. In this video, I will answer if Target is an excellent defensive stock to buy.
*Stock prices used were the afternoon prices of Jan. 9, 2023. The video was published on Jan. 11, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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