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[ 05:21 PM ] - Motley Fool Australia
2 Australian defensive stocks to buy now for stability

2 Australian defensive stocks to buy now for stability


Published on 2024-12-10 17:21:06 - Motley Fool Australia
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  • These ASX defensive stocks are recommended as buys from brokers who rate their prospects highly. Let's dive in and see.

The article from Fool.com.au, published on December 11, 2024, discusses two Australian defensive stocks recommended for investors seeking stability in their portfolios. The first stock highlighted is Wesfarmers Limited (ASX: WES), known for its diversified business operations including retail, chemicals, fertilizers, and industrial safety products. Wesfarmers' resilience is attributed to its broad revenue streams and strong brands like Bunnings and Kmart, which provide a buffer against economic downturns. The second stock is Amcor plc (ASX: AMC), a global leader in packaging solutions. Amcor's stability comes from its essential role in various industries, ensuring steady demand for its products regardless of economic conditions. The article emphasizes that both companies have a history of consistent dividends and are well-positioned to weather economic volatility, making them attractive options for investors looking for defensive plays in their investment strategy.

Read the Full Motley Fool Australia Article at:
[ https://www.fool.com.au/2024/12/11/2-australian-defensive-stocks-to-buy-now-for-stability/ ]
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