The post 3 stocks to counter a recession, according to ChatGPT4-o appeared on BitcoinEthereumNews.com.

The most recent U.S. jobs report published on Friday, August 2, gave investors a fright, as evidenced by the massive bloodbath in both the stock market and across the cryptocurrency markets, with the flagship digital asset Bitcoin (BTC) now struggling to stay above $50,000. The report, which showed that 114,000 jobs have been created in July instead of the predicted 175,000, has also reignited fears of a coming recession – partially driven by FED’s high interest rates – and is, judging by the extended trading, likely to spill over into a deeper decline during the Monday session. Given the general climate of fears and the danger the recessionary warnings – warnings which have been many since the start of 2024 – may come to fruition, Finbold decided to consult the most advanced version of OpenAI’s flagship artificial intelligence (AI) model – ChatGPT-4o – what stocks an investor may buy to defend their wealth in case of a crash. When asked about the best stocks to buy in the face of a looming recession, ChatGPT-4o quickly reached for several traditional defensive picks.  ChatGPT picks 3 stocks to defend against a recession Relying on the fact healthcare is relevant in bull and bear markets alike not as cyclical as many others, the AI’s first pick proved to be Johnson & Johnson (NYSE: JNJ). Indeed, according to ChatGPT, the very nature of healthcare as a sector, paired with JNJ’s track record of dividend and earnings growth and its robust portfolio of goods and services, makes it a strong pick for a recession. ChatGPT explains why it is recommending JNJ. Source: Finbold & ChatGPT-4o Keeping to the idea that essential goods and services will be in demand no matter the state of the economy, the AI decided that Procter & Gamble (NYSE: PG) is…

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Filed under: News - @ August 5, 2024 10:10 am