5 Stocks Least Vulnerable to Recession

In this article, we will look at 5 stocks least vulnerable to a recession. If you want to explore similar stock ideas, you can also read 10 Stocks Least Vulnerable to Recession.

5. Amgen, Inc. (NASDAQ:AMGN)

Number of Hedge Fund Holders: 56

Amgen, Inc. (NASDAQ:AMGN) discovers, develops, manufactures, and delivers human therapeutics worldwide. The company specializes in the areas of inflammation, oncology/hematology, bone health, cardiovascular disease, nephrology, and neuroscience.

As of July 20, Amgen, Inc. (NASDAQ:AMGN) has gained 8.80% year to date and has a high dividend yield of 3.14%, which the company can support with its free cash flows of $8.41 billion.

On June 1, Oppenheimer analyst Jay Olson raised his price target on Amgen, Inc. (NASDAQ:AMGN) to $290 from $285 and reiterated a buy-side Outperform rating on the shares.

At the close of Q1 2022, 56 hedge funds were long Amgen, Inc. (NASDAQ:AMGN) and held stakes worth $1.88 billion in the company. This is compared to 52 positions in the prior quarter with stakes worth $1.82 billion. The hedge fund sentiment for the stock is positive.

As of June 30, P.A.W. CAPITAL PARTNERS is the top shareholder in Amgen, Inc. (NASDAQ:AMGN) and has stakes worth $0.87 million in the company. The investment covers 1.27% of the fund’s 13F portfolio.