Academy › Glossary › Fundamentals
A stock in a business people need in any economy, such as food, utilities or health care.
Demand for defensive companies' products holds up better in recessions, so their earnings and share prices tend to swing less than the market's.
Defensive does not mean safe. These stocks can still fall, and they can lag in strong rallies.
Guides, short videos and a plain-English glossary in one place, with tools to try each idea on real market data. The basics are free.
Create a free accountOpen PDB Academy