What are defensive stocks: definition, advantages and stocks to watch_老虎社区_美港股上老虎

What are defensive stocks: definition, advantages and stocks to watch

cityindex2021-07-20

Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them....

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Alykrunch
·2021-07-21
Good article, but i do not fully subscribe to the recommended stocks. (Still buyers beware)
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Pluto891
·2021-07-20
good read
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RonnieO
·2021-07-20
Good
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- Bull1973:
  Ok
  2021-07-20
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Alihuat
·2021-07-20
Now i know.. i alwaus hear growth stocks only..
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JJQ
·2021-07-20
Please Like and comment! Thank you
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- Felicialim:
  Morning
  2021-07-20
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- Mystique:
  ok
  2021-07-20
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- JJQ:
  Thank you!
  2021-07-20
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andrew123
·2021-07-20
Agree. In time of FUD defensive sector better protection. Like n comment
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- Platypat:
  Dont want to buy guns
  2021-07-20
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29e8bc52
·2021-07-20
Nice
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Jayk7
·2021-07-20
Nice
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Ericlam
·2021-07-20
good sharing
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9
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- Angsana:
  hi
  2021-07-20
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- Ericlam:
  nice
  2021-07-20
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Lkc
·2021-07-20
Cool
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4
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- Ericlam:
  nice
  2021-07-20
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- TVermeulen:
  Beans
  2021-07-20
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IronRoar
·2021-07-20
very good
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Kenjing
·2021-07-20
Nice
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5
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- d63a8e4:
  [微笑] [微笑]
  2021-07-20
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LionKingAir
·2021-07-20
Thanks
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- Kenjing:
  NiCe
  2021-07-20
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vhardono
·2021-07-20
please comment n like
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- LionKingAir:
  Good
  2021-07-20
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- BOTANIKA:
  ok
  2021-07-20
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littlekitten
·2021-07-20
Cool!
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- 121711b8:
  [微笑] [微笑]
  2021-07-20
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Kevin92
·2021-07-20
Like and comment
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- Tomxx:
  Ok
  2021-07-20
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Kevin92
·2021-07-20
Like and comment
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- Ericlam:
  nice
  2021-07-20
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- andrew123:
  like yrs u like mine.ok
  2021-07-20
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ChrisCen
·2021-07-20
Liked n comment
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- Kevin92:
  Like and comment
  2021-07-20
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MesutOzil
·2021-07-20
Thanks for the info
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- ramius75:
  Indeed
  2021-07-20
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- Acestars:
  yea
  2021-07-20
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Huatkor
·2021-07-20
Good to know.
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- williamtay:
  comment
  2021-07-20
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Discover what defensive stocks are and how to use them....\n\n<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KO","symbol_name":"可口可乐","start_time":0,"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","article_id":"1154177675","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","pubTimestamp":1626710671,"columns":[],"sourceInfo":{"source_id":"lsy1624549625256","name":"cityindex"},"weMediaInfo":null,"summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","collect":0,"end_time":0,"defaultTopTitle":"cityindex.co.uk","property":[],"viewcount":null,"language":"en","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"translate_title":"什么是防御性股票：定义、优势和值得关注的股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9},"content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":178888663,"gmtCreate":1626797148052,"gmtModify":1633770915292,"author":{"id":"3577443068440656","authorId":"3577443068440656","name":"Alykrunch","avatar":"https://static.tigerbbs.com/ea2607d2bd4f40d019e3f3122da2d996","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3577443068440656","idStr":"3577443068440656"},"htmlText":"Good article, but i do not fully subscribe to the recommended stocks. (Still buyers beware)","listText":"Good article, but i do not fully subscribe to the recommended stocks. (Still buyers beware)","text":"Good article, but i do not fully subscribe to the recommended stocks. (Still buyers beware)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/178888663","repostId":1154177675,"repostType":2,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171233095,"gmtCreate":1626745482417,"gmtModify":1633771471638,"author":{"id":"3581937910767045","authorId":"3581937910767045","name":"Pluto891","avatar":"https://static.tigerbbs.com/c9963f2ef3d3ad2aff28340461d3d6d0","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3581937910767045","idStr":"3581937910767045"},"htmlText":"good read","listText":"good read","text":"good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171233095","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171699782,"gmtCreate":1626740548146,"gmtModify":1633771568490,"author":{"id":"4088850777374920","authorId":"4088850777374920","name":"RonnieO","avatar":"https://static.tigerbbs.com/1292a5981b699a40c70f37718afa2985","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"4088850777374920","idStr":"4088850777374920"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/171699782","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5267524,"gmtCreate":1626743672009,"gmtModify":1635225694967,"authorId":3584680402793671,"author":{"id":3584680402793671,"idStr":"3584680402793671","authorId":3584680402793671,"name":"Bull1973","avatar":"https://static.tigerbbs.com/866d29bf88ff7363d121a5ccc6028aae","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171699782,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":171843323,"gmtCreate":1626739097062,"gmtModify":1633924579331,"author":{"id":"3575407991823828","authorId":"3575407991823828","name":"Alihuat","avatar":"https://static.tigerbbs.com/d450d741a6a78a315c768cda177843d8","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3575407991823828","idStr":"3575407991823828"},"htmlText":"Now i know.. i alwaus hear growth stocks only..","listText":"Now i know.. i alwaus hear growth stocks only..","text":"Now i know.. i alwaus hear growth stocks only..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171843323","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171825260,"gmtCreate":1626738274750,"gmtModify":1633924592862,"author":{"id":"3571627110799155","authorId":"3571627110799155","name":"JJQ","avatar":"https://static.tigerbbs.com/a1583dfc728890d33cf4ad0811d5ce30","vip":1,"crmLevel":8,"crmLevelSwitch":0,"authorIdStr":"3571627110799155","idStr":"3571627110799155"},"htmlText":"Please Like and comment! Thank you&nbsp;","listText":"Please Like and comment! Thank you&nbsp;","text":"Please Like and comment! Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/171825260","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5266564,"gmtCreate":1626739012166,"gmtModify":1635225778178,"authorId":3576273819527804,"author":{"id":3576273819527804,"idStr":"3576273819527804","authorId":3576273819527804,"name":"Felicialim","avatar":"https://static.tigerbbs.com/93b9dd65b95fb4d9322224d3c233d6f4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171825260,"type":1,"supId":0,"prevId":0,"content":"Morning","text":"Morning","html":"Morning"},{"id":5267179,"gmtCreate":1626742001789,"gmtModify":1635225724996,"authorId":3583401463837686,"author":{"id":3583401463837686,"idStr":"3583401463837686","authorId":3583401463837686,"name":"Mystique","avatar":"https://static.tigerbbs.com/80553c2968edf6d8be729b4092825a07","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171825260,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":5270906,"gmtCreate":1626768877132,"gmtModify":1635225423777,"authorId":3571627110799155,"author":{"id":3571627110799155,"idStr":"3571627110799155","authorId":3571627110799155,"name":"JJQ","avatar":"https://static.tigerbbs.com/a1583dfc728890d33cf4ad0811d5ce30","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171825260,"type":1,"supId":5267179,"prevId":0,"content":"Thank you!","text":"Thank you!","html":"Thank you!"},{"id":5270913,"gmtCreate":1626768900702,"gmtModify":1635225423452,"authorId":3571627110799155,"author":{"id":3571627110799155,"idStr":"3571627110799155","authorId":3571627110799155,"name":"JJQ","avatar":"https://static.tigerbbs.com/a1583dfc728890d33cf4ad0811d5ce30","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171825260,"type":1,"supId":5266564,"prevId":0,"content":"👍🙏","text":"👍🙏","html":"👍🙏"}],"langContent":"EN"},{"id":171860504,"gmtCreate":1626737207308,"gmtModify":1633924607602,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3576260758860416","idStr":"3576260758860416"},"htmlText":"Agree. In time of FUD defensive sector better protection. Like n comment","listText":"Agree. In time of FUD defensive sector better protection. Like n comment","text":"Agree. In time of FUD defensive sector better protection. Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/171860504","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5266284,"gmtCreate":1626737317831,"gmtModify":1635225801359,"authorId":3586910069385777,"author":{"id":3586910069385777,"idStr":"3586910069385777","authorId":3586910069385777,"name":"Platypat","avatar":"https://static.tigerbbs.com/984a67a124c562dd34636f19eb763a06","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171860504,"type":1,"supId":0,"prevId":0,"content":"Dont want to buy guns ","text":"Dont want to buy guns ","html":"Dont want to buy guns "}],"langContent":"EN"},{"id":171884865,"gmtCreate":1626737058557,"gmtModify":1633924609254,"author":{"id":"4087554746740450","authorId":"4087554746740450","name":"29e8bc52","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4087554746740450","idStr":"4087554746740450"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171884865","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171880878,"gmtCreate":1626736435994,"gmtModify":1633924616837,"author":{"id":"3582018233797881","authorId":"3582018233797881","name":"Jayk7","avatar":"https://static.tigerbbs.com/61fdb0315d51df04227ca28af7bcdf19","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3582018233797881","idStr":"3582018233797881"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171880878","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171815753,"gmtCreate":1626736285972,"gmtModify":1633924619202,"author":{"id":"3559787818034959","authorId":"3559787818034959","name":"Ericlam","avatar":"https://static.tigerbbs.com/f2154f4bb8afd22f8e6fde60b57acb69","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3559787818034959","idStr":"3559787818034959"},"htmlText":"good sharing&nbsp;","listText":"good sharing&nbsp;","text":"good sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/171815753","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5267035,"gmtCreate":1626741370713,"gmtModify":1635225737214,"authorId":3575326435298567,"author":{"id":3575326435298567,"idStr":"3575326435298567","authorId":3575326435298567,"name":"Angsana","avatar":"https://static.tigerbbs.com/3c8492153d7059ec1aa704a1bd541c14","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171815753,"type":1,"supId":0,"prevId":0,"content":"hi","text":"hi","html":"hi"},{"id":5269993,"gmtCreate":1626758704120,"gmtModify":1635225484038,"authorId":3559787818034959,"author":{"id":3559787818034959,"idStr":"3559787818034959","authorId":3559787818034959,"name":"Ericlam","avatar":"https://static.tigerbbs.com/f2154f4bb8afd22f8e6fde60b57acb69","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171815753,"type":1,"supId":5267035,"prevId":0,"content":"nice","text":"nice","html":"nice"}],"langContent":"EN"},{"id":171815089,"gmtCreate":1626736232641,"gmtModify":1633924620139,"author":{"id":"4088039480444780","authorId":"4088039480444780","name":"Lkc","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"4088039480444780","idStr":"4088039480444780"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/171815089","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5266126,"gmtCreate":1626736327517,"gmtModify":1635225814623,"authorId":3559787818034959,"author":{"id":3559787818034959,"idStr":"3559787818034959","authorId":3559787818034959,"name":"Ericlam","avatar":"https://static.tigerbbs.com/f2154f4bb8afd22f8e6fde60b57acb69","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171815089,"type":1,"supId":0,"prevId":0,"content":"nice","text":"nice","html":"nice"},{"id":5266130,"gmtCreate":1626736354503,"gmtModify":1635225814198,"authorId":3580699589385230,"author":{"id":3580699589385230,"idStr":"3580699589385230","authorId":3580699589385230,"name":"TVermeulen","avatar":"https://static.tigerbbs.com/ffcbb09604bf679c78d4b172e4ad0c39","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171815089,"type":1,"supId":0,"prevId":0,"content":"Beans","text":"Beans","html":"Beans"}],"langContent":"EN"},{"id":171818466,"gmtCreate":1626736016355,"gmtModify":1633924622092,"author":{"id":"4087734129298080","authorId":"4087734129298080","name":"IronRoar","avatar":"https://static.tigerbbs.com/cf9c156b794329cc799b0ee28ca0b9b2","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"4087734129298080","idStr":"4087734129298080"},"htmlText":"very good","listText":"very good","text":"very good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171818466","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171818924,"gmtCreate":1626735867168,"gmtModify":1633924622704,"author":{"id":"3575868096668855","authorId":"3575868096668855","name":"Kenjing","avatar":"https://static.tigerbbs.com/c8943963650fda38afb46a9fe04b592c","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3575868096668855","idStr":"3575868096668855"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/171818924","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5266104,"gmtCreate":1626736133315,"gmtModify":1635225816132,"authorId":3585015704454479,"author":{"id":3585015704454479,"idStr":"3585015704454479","authorId":3585015704454479,"name":"d63a8e4","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171818924,"type":1,"supId":0,"prevId":0,"content":"[微笑] [微笑]","text":"[微笑] [微笑]","html":"[微笑] [微笑]"}],"langContent":"EN"},{"id":171811204,"gmtCreate":1626735790808,"gmtModify":1633924623072,"author":{"id":"3582891836402828","authorId":"3582891836402828","name":"LionKingAir","avatar":"https://static.tigerbbs.com/94f60573baa578de19304c643193dad9","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3582891836402828","idStr":"3582891836402828"},"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/171811204","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5266084,"gmtCreate":1626735880828,"gmtModify":1635225817763,"authorId":3575868096668855,"author":{"id":3575868096668855,"idStr":"3575868096668855","authorId":3575868096668855,"name":"Kenjing","avatar":"https://static.tigerbbs.com/c8943963650fda38afb46a9fe04b592c","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171811204,"type":1,"supId":0,"prevId":0,"content":"NiCe","text":"NiCe","html":"NiCe"}],"langContent":"EN"},{"id":171811617,"gmtCreate":1626735783839,"gmtModify":1633924623195,"author":{"id":"3574631043565351","authorId":"3574631043565351","name":"vhardono","avatar":"https://static.tigerbbs.com/63f0b8b8dd585e7c4912904c497d9442","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3574631043565351","idStr":"3574631043565351"},"htmlText":"please comment n like","listText":"please comment n like","text":"please comment n like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/171811617","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5266077,"gmtCreate":1626735802786,"gmtModify":1635225818310,"authorId":3582891836402828,"author":{"id":3582891836402828,"idStr":"3582891836402828","authorId":3582891836402828,"name":"LionKingAir","avatar":"https://static.tigerbbs.com/94f60573baa578de19304c643193dad9","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171811617,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"},{"id":5266085,"gmtCreate":1626735881179,"gmtModify":1635225817655,"authorId":3567819041457321,"author":{"id":3567819041457321,"idStr":"3567819041457321","authorId":3567819041457321,"name":"BOTANIKA","avatar":"https://static.tigerbbs.com/4f98f0d75089e9046593d4b550028387","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171811617,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":171834031,"gmtCreate":1626735042923,"gmtModify":1633924628586,"author":{"id":"3584860762907200","authorId":"3584860762907200","name":"littlekitten","avatar":"https://static.tigerbbs.com/ccd59ff6c96999c839e3b5709cfb00ef","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3584860762907200","idStr":"3584860762907200"},"htmlText":"Cool!","listText":"Cool!","text":"Cool!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/171834031","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5266105,"gmtCreate":1626736134482,"gmtModify":1635225816024,"authorId":3584839794199440,"author":{"id":3584839794199440,"idStr":"3584839794199440","authorId":3584839794199440,"name":"121711b8","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171834031,"type":1,"supId":0,"prevId":0,"content":"[微笑] [微笑]","text":"[微笑] [微笑]","html":"[微笑] [微笑]"}],"langContent":"EN"},{"id":171835455,"gmtCreate":1626735027077,"gmtModify":1633924628810,"author":{"id":"3576274545052910","authorId":"3576274545052910","name":"Kevin92","avatar":"https://static.tigerbbs.com/c5ff4addbbdb8d9d15fec29f9709b0c3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576274545052910","idStr":"3576274545052910"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/171835455","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5266099,"gmtCreate":1626736077543,"gmtModify":1635225816675,"authorId":3586059298879232,"author":{"id":3586059298879232,"idStr":"3586059298879232","authorId":3586059298879232,"name":"Tomxx","avatar":"https://static.tigerbbs.com/abd49c57222b3b842f3f9af84b9d5b97","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171835455,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":171835568,"gmtCreate":1626735012654,"gmtModify":1633924628932,"author":{"id":"3576274545052910","authorId":"3576274545052910","name":"Kevin92","avatar":"https://static.tigerbbs.com/c5ff4addbbdb8d9d15fec29f9709b0c3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576274545052910","idStr":"3576274545052910"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/171835568","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5266131,"gmtCreate":1626736360478,"gmtModify":1635225814090,"authorId":3559787818034959,"author":{"id":3559787818034959,"idStr":"3559787818034959","authorId":3559787818034959,"name":"Ericlam","avatar":"https://static.tigerbbs.com/f2154f4bb8afd22f8e6fde60b57acb69","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171835568,"type":1,"supId":0,"prevId":0,"content":"nice","text":"nice","html":"nice"},{"id":5266276,"gmtCreate":1626737249088,"gmtModify":1635225802118,"authorId":3576260758860416,"author":{"id":3576260758860416,"idStr":"3576260758860416","authorId":3576260758860416,"name":"andrew123","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171835568,"type":1,"supId":0,"prevId":0,"content":"like yrs u like mine.ok","text":"like yrs u like mine.ok","html":"like yrs u like mine.ok"}],"langContent":"EN"},{"id":171836190,"gmtCreate":1626734771410,"gmtModify":1633924631348,"author":{"id":"3573646272982241","authorId":"3573646272982241","name":"ChrisCen","avatar":"https://static.tigerbbs.com/9ed69e076449c1e1af50807f0353afc3","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3573646272982241","idStr":"3573646272982241"},"htmlText":"Liked n comment","listText":"Liked n comment","text":"Liked n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/171836190","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5265989,"gmtCreate":1626735007430,"gmtModify":1635225823660,"authorId":3576274545052910,"author":{"id":3576274545052910,"idStr":"3576274545052910","authorId":3576274545052910,"name":"Kevin92","avatar":"https://static.tigerbbs.com/c5ff4addbbdb8d9d15fec29f9709b0c3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171836190,"type":1,"supId":0,"prevId":0,"content":"Like and comment","text":"Like and comment","html":"Like and comment"}],"langContent":"EN"},{"id":171831113,"gmtCreate":1626734404132,"gmtModify":1633924632933,"author":{"id":"3581551993003103","authorId":"3581551993003103","name":"MesutOzil","avatar":"https://static.tigerbbs.com/aa9c35794084a0196a2ed35371f58152","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3581551993003103","idStr":"3581551993003103"},"htmlText":"Thanks for the info&nbsp;","listText":"Thanks for the info&nbsp;","text":"Thanks for the info","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/171831113","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5265956,"gmtCreate":1626734591900,"gmtModify":1635225826359,"authorId":3586470645934044,"author":{"id":3586470645934044,"idStr":"3586470645934044","authorId":3586470645934044,"name":"ramius75","avatar":"https://static.tigerbbs.com/10763970a5bf5e3128c5423ebbee8096","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171831113,"type":1,"supId":0,"prevId":0,"content":"Indeed","text":"Indeed","html":"Indeed"},{"id":5266015,"gmtCreate":1626735211388,"gmtModify":1635225821987,"authorId":3571037900661236,"author":{"id":3571037900661236,"idStr":"3571037900661236","authorId":3571037900661236,"name":"Acestars","avatar":"https://static.tigerbbs.com/cb536be016acf6e75b6c4b057fc2395b","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171831113,"type":1,"supId":0,"prevId":0,"content":"yea","text":"yea","html":"yea"}],"langContent":"EN"},{"id":171839990,"gmtCreate":1626734073510,"gmtModify":1633924635195,"author":{"id":"3581919183376534","authorId":"3581919183376534","name":"Huatkor","avatar":"https://static.tigerbbs.com/6f3897aace055b5fa9f58089c1e880d8","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3581919183376534","idStr":"3581919183376534"},"htmlText":"Good to know.&nbsp;","listText":"Good to know.&nbsp;","text":"Good to know.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/171839990","repostId":1154177675,"repostType":4,"repost":{"id":"1154177675","kind":"news","pubTimestamp":1626710671,"share":"https://www.laohu8.com/m/news/1154177675?lang=zh_CN&edition=full","pubTime":"2021-07-20 00:04","market":"us","language":"en","title":"What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154177675","media":"cityindex","summary":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’r","content":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>","source":"lsy1624549625256","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat are defensive stocks: definition, advantages and stocks to watch<blockquote>什么是防御性股票：定义、优势和值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\ncityindex2021-07-20 00:04\n\n</h4>\n</header>\n<article>\nDefensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. <a href=\"https://laohu8.com/S/DFS\">Discover</a> what defensive stocks are and how to use them.<blockquote>防御性股票被认为是经济低迷时期的稳定投资，因此购买它们是作为投资组合中的对冲形式。<a href=\"https://laohu8.com/S/DFS\">发现</a>什么是防御性股票以及如何使用它们。</blockquote> What are defensive stocks?<blockquote>什么是防御性股票？</blockquote> Defensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets<blockquote>防御性股票是对其产品有持续需求的公司的股票，因此在大多数商业周期中，它们往往比“风险”或“成长”股票更稳定。这意味着无论股市表现如何，它们通常都会提供一致的股息和稳定的收益</blockquote> When there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth<blockquote>当经济低迷时，投资者通常会涌向他们认为的避险股票来支撑他们的投资——防御性股票就是这样看待的，因为它们的价值通常低于它们的价值或增长</blockquote> Examples of defensive stocks<blockquote>防御性股票的例子</blockquote> Defence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.<blockquote>国防股——制造军事武器、弹药和战斗机的公司的股票——是国防股的一个很好的例子，因为它们处于许多科学的前沿，并且拥有现成的客户群。</blockquote> Many other sectors are also considered defensive, for example:<blockquote>许多其他行业也被认为是防御性的，例如：</blockquote> Utilities<blockquote>公用事业</blockquote> Water, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.<blockquote>水、电、天然气和宽带供应公用事业是防御性股票的例子，因为在所有经济周期中我们仍然需要它们。</blockquote> Utility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.<blockquote>公用事业公司可以从放缓的经济环境中受益，因为央行往往会降低利率以防范经济衰退的最坏影响；因此，消费者仍然有能力为他们的家庭供暖并在加油站购买汽油。</blockquote> Consumer staples<blockquote>消费必需品</blockquote> Firms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.<blockquote>无论经济状况如何，生产或销售人们出于需要而购买的必需消费品的公司通常被认为是防御性的。超市就是一个很好的例子。</blockquote> They sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks<blockquote>他们出售食品、饮料、烟草和家居用品。超市和摆满货架的公司在经济强弱期间都会产生稳定的现金流和更可预测的收益。因此，此类股票的表现往往优于周期性股票</blockquote> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks<blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票</blockquote> Pharmaceutical firms and medical device makers<blockquote>制药公司和医疗器械制造商</blockquote> But as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble<blockquote>但与任何行业一样，一些医疗保健股的风险与互联网公司一样高。例如，在2020-2021年，当几乎所有上市制药公司都声称在CV-19药物方面取得突破时，它会导致价格出现巨大且不可持续的飙升——称为泡沫</blockquote> Why invest in or trade defensive stocks?<blockquote>为什么要投资或交易防御性股票？</blockquote> You’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.<blockquote>如果您想在经济疲软或股市剧烈波动时保护您的投资组合，您会投资或交易防御性股票。</blockquote> Plus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.<blockquote>此外，防御性股票通常是历史悠久的公司，拥有悠久的股市收益和股息历史，因此股息投资者或任何希望以比其他股票更低的风险寻求长期收益的人通常会对它们感兴趣。</blockquote> Defence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.<blockquote>国防股还提供了投资组合多元化的一种手段。例如，您可以将风险分散到周期性和防御性股票上，而不是全押在更容易受到价格波动影响的科技股上。</blockquote> How to find good defensive stocks<blockquote>如何找到良好的防御性股票</blockquote> The main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.<blockquote>寻找防御性股票的主要方法是查看其贝塔值——衡量股票相对于大盘的波动性。通常，防御性股票的贝塔值较低，因为它们受价格波动的影响较小。</blockquote> It’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.<blockquote>最好为您感兴趣的股票创建一组参数，否则您最终将梳理整个股市以确定投资哪些防御性股票。例如，您可以将搜索范围缩小到特定的国家、部门或索引。</blockquote> You can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.<blockquote>您还可以通过寻找多年来（包括在经济衰退期间）持续支付股息的公司来识别防御性股票。</blockquote> Defensive stock advantages<blockquote>防御性股票优势</blockquote> There are a number of advantages to investing in defensive stocks; these include:<blockquote>投资防御性股票有很多优点；其中包括：</blockquote> <ul> <li>Creating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks</li> <li>Reducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio</li> <li>Providing a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets</li> </ul> Best defensive stocks<blockquote><ul><li>如果您是市场新手，请创建一个起点-对于没有经验的投资者和交易者来说，防御性股票可能是一个极好的投资和交易起点，因为从理论上讲，防御性股票的波动性应该更小，涨跌范围更窄，并且比成长型股票更容易预测</li><li>减少波动性对投资组合的影响-在经济衰退期间，投资者使用防御性股票作为一种机制，通过在其他行业没有创造这种价值时产生股息收益率和回报来防止损失。从这个意义上说，防御性股票可以对冲您在投资组合其他部分可能遭受的损失</li><li>提供更稳定的收入来源-防御性股票可以产生超过任何其他股价上涨的收入，即使在熊市中，它们通常也能提供最好的股息</li></ul>最佳防御性股票</blockquote> Let’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.<blockquote>让我们来看看一些最著名的防御性股票，包括必需消费品、公用事业公司、医疗保健和国防股票。</blockquote> <a href=\"https://laohu8.com/S/FDX\">FedEx</a> (FDX)<blockquote><a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)</blockquote> The delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.<blockquote>在疫情期间，快递行业取得了相当大的成功，因为消费者在网上购物越来越多。送货服务变得至关重要，随着需求的变化，甚至可能成为“新常态”。</blockquote> FedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.<blockquote>联邦快递在2020年和2021年的投资尤其增加。该公司提供安全的国外送货服务和商业服务，甚至与美国政府签订了合同。政府合同非常珍贵，因为它们在充满挑战的时期提供了固定的收入来源。</blockquote> <ul> <li>Past year share price increase 113.3%</li> <li>5-year share price increase 88.56%</li> <li>Dividend yield 0.86%</li> <li>P/E ratio 26.74</li> <li>EPS 11.46</li> </ul> <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> (KO)<blockquote><ul><li>去年股价上涨113.3%</li><li>5年股价涨幅88.56%</li><li>股息率0.86%</li><li>市盈率26.74</li><li>每股收益11.46</li></ul><a href=\"https://laohu8.com/S/KO\">可口可乐</a>（KO）</blockquote> Coca-Cola is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.<blockquote>可口可乐是<a href=\"https://laohu8.com/S/AONE.U\">一</a>由于其作为世界上最知名的品牌之一的地位，成为最受欢迎的防御性股票之一。除了我们都知道和喜爱的旗舰饮料，它还生产和分销近500种其他产品。</blockquote> The pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.<blockquote>疫情打击了可口可乐，盈利同比下滑。然而，与该行业的其他公司相比，该公司很好地处理了这种情况。</blockquote> Despite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.<blockquote>尽管2020年前两个季度对其产品的需求下滑，但该股仍上涨了14%，该公司支付了3.04%的股息，导致市场参与者将其视为低风险的长期投资。</blockquote> <ul> <li>Past year share price increase 14.16%</li> <li>5-year share price increase 21.85%</li> <li>Dividend yield 2.99%</li> <li>P/E ratio 33.70</li> <li>EPS 1.68</li> </ul> Campbell’s Soup Co. (CPB)<blockquote><ul><li>去年股价上涨14.16%</li><li>5年股价涨幅21.85%</li><li>股息率2.99%</li><li>市盈率33.70</li><li>每股收益1.68</li></ul>金宝汤公司(CPB)</blockquote> The Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.<blockquote>金宝汤公司不仅生产汤，还生产一些世界上最受欢迎的消费食品。它拥有的其他一些品牌包括Prego、Swanson’s和Snyder’s。因为它们价格实惠，所以在经济困难时期卖得很好。美味、便宜的食物总是必要的，所以如果这些品牌仍然受欢迎，金宝汤可能会永远蓬勃发展。</blockquote> The share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.<blockquote>股价每年下跌3.98%，但股息支付3.03%的改善部分抵消了今年下跌的影响。在更长的十年时间里，该股上涨了55%。</blockquote> <ul> <li>Past year share price rise 2.66%</li> <li>5-year share price fall -21.1%</li> <li>10-year share price rise 55.10%</li> <li>Dividend yield 2.98%</li> <li>P/E ratio 18.76</li> <li>EPS 2.67</li> </ul> BAE Systems PLC<blockquote><ul><li>去年股价上涨2.66%</li><li>5年股价下跌-21.1%</li><li>10年股价上涨55.10%</li><li>股息率2.98%</li><li>市盈率18.76</li><li>每股收益2.67</li></ul>BAE系统公司</blockquote> BAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.<blockquote>BAE Systems是世界领先的全球国防、安全和航空航天公司之一，致力于尖端技术，在美国、英国、沙特阿拉伯和澳大利亚等市场开展业务。</blockquote> It creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.<blockquote>它每年为100多个国家的客户创造100多项新发明。此外，BAE还设计、开发、集成和提供生命支持和海军作战系统等广泛领域的产品。</blockquote> <ul> <li>Past year share price rise 3.30%</li> <li>5 – year share price rise 10.82%</li> <li>Dividend yield 4.45%</li> <li>P/E ratio 13.2</li> <li>EPS 0.4</li> </ul> <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a> Corp.<blockquote><ul><li>去年股价上涨3.30%</li><li>5年股价上涨10.82%</li><li>股息率4.45%</li><li>市盈率13.2</li><li>每股收益0.4</li></ul><a href=\"https://laohu8.com/S/LMT\">洛克希德</a>公司。</blockquote> Lockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.<blockquote>洛克希德·马丁公司是一家全球安全和航空航天公司，在全球拥有超过11万名员工。该公司从事先进技术系统、产品和服务的研究、设计、制造、集成和维护。</blockquote> The firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.<blockquote>该公司在2019年财富500强最大工业公司排行榜上排名第60位。</blockquote> <ul> <li>Past year share price fall -4.68%</li> <li>5 – year share price rise 62.74%</li> <li>Dividend yield 2.64%</li> <li>P/E ratio 15.9</li> <li>EPS 24.88</li> </ul> Mcdonald’s Corp<blockquote><ul><li>去年股价下跌-4.68%</li><li>5年股价上涨62.74%</li><li>股息率2.64%</li><li>市盈率15.9</li><li>每股收益24.88</li></ul>麦当劳公司</blockquote> McDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.<blockquote>麦当劳是全球最知名的快餐连锁店，在澳大利亚、加拿大、法国、德国、意大利、荷兰、俄罗斯、西班牙和英国经营特许经营餐厅。尽管经济困难，该公司仍看到了对其产品的持续需求——部分原因是该品牌获得了近乎狂热的赞誉及其低廉的价格。</blockquote> The firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.<blockquote>该公司最受欢迎的产品包括巨无霸、四分之一磅奶酪、菲力鱼、麦乐鸡和麦当劳薯条。</blockquote> <ul> <li>Past year share price rise 17.51%</li> <li>5 - year share price rise 89.35%</li> <li>Dividend yield 2.21%</li> <li>P/E ratio 33.94</li> <li>EPS 6.93</li> </ul> Procter and Gamble<blockquote><ul><li>去年股价上涨17.51%</li><li>5年股价上涨89.35%</li><li>股息率2.21%</li><li>市盈率33.94</li><li>每股收益6.93</li></ul>宝洁公司</blockquote> The Procter &amp; Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.<blockquote>宝洁公司生产并向全球消费者分销品牌消费品。该公司通过百货商店、分销商、美容店、电子商务和药店等大众零售商在180多个国家销售产品。</blockquote> It offers products under the brands Head &amp; Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.<blockquote>它提供海飞丝、潘婷、Mach3、Febreze、Bounty和Charmin等品牌的产品。</blockquote> These consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.<blockquote>这些消费品总是有需求，因此尽管该公司的一些品牌出现波动，但其投资组合足够多元化，通常保持稳定。</blockquote> <ul> <li>Yearly share price rise 15.29%</li> <li>5 – year share price rise 63.97%</li> <li>Dividend yield 2.56%</li> <li>P/E ratio 25.01</li> <li>EPS 5.63</li> </ul> As can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.<blockquote><ul><li>年度股价上涨15.29%</li><li>5年股价上涨63.97%</li><li>股息率2.56%</li><li>市盈率25.01</li><li>每股收益5.63</li></ul>通过检查上述公司数据和最新指标可以看出，评估防御性股票没有放之四海而皆准的方法。</blockquote> Some firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.<blockquote>一些公司支付了高股息，与同行相比，股价大幅增长。其他人的股价下跌，但继续支付股息。</blockquote> Using various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.<blockquote>使用各种衡量标准，如股息收益率、每股收益和市盈率，以及短期、中期和长期的股价变动，应该使您能够做出明智的投资决策。</blockquote> Defensive stocks key points<blockquote>防御性股票要点</blockquote> <ul> <li>Defensive stocks offer relative price stability, whatever the state of the economy</li> <li>Defensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns</li> <li>Because these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth</li> <li>Many defensive stocks provide essential products or services, helping them remain financially stable through economic downturns</li> <li>Experts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.</li> </ul><blockquote><ul><li>无论经济状况如何，防御性股票都能提供相对的价格稳定性</li><li>防御性股票还产生股息作为定期收入，股息支付抵消了缓慢的股票增长回报</li><li>由于这些公司非常成熟并且拥有强大的商业模式，因此它们的股价不太可能大幅下跌。相反，它们通常表现出缓慢的股价增长</li><li>许多防御性股票提供基本产品或服务，帮助它们在经济低迷时期保持财务稳定</li><li>专家常将防御性股票称为非周期性股票；无论经济如何，它们都表现良好，而周期性股票通常只有在经济表现良好时才会表现良好。</li></ul></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/\">cityindex</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","CPB":"金宝汤","FDX":"联邦快递","LMT":"洛克希德马丁","PG":"宝洁","MCD":"麦当劳"},"source_url":"https://www.cityindex.co.uk/market-analysis/what-are-defensive-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154177675","content_text":"Defensive stocks are thought of as stable investments during periods of economic downturn, so they’re bought as a form of hedging in portfolios. Discover what defensive stocks are and how to use them.\nWhat are defensive stocks?\nDefensive stocks are theshares of companiesthat have continual demand for their products, so they tend to be more stable during most business cycles than ‘risk on’ or ‘growth’ stocks. This means they usually provide consistent dividends and stable earnings regardless of the performance ofstock markets\nWhen there’s an economic downturn, investors often look to shore up their investments by rushing to what they perceive as safe haven stocks – defensive stocks are perceived this way as their value usually falls less than their value orgrowth\nExamples of defensive stocks\nDefence stocks – the shares of companies that manufacture military weapons, ammunition, and fighter jets – are an excellent example of defensive stocks because they’re at the cutting edge of many sciences and have a ready-made customer base.\nMany other sectors are also considered defensive, for example:\nUtilities\nWater, electric, gas and broadband supply utilities are examples of defensive stocks because we all still need them during all economic cycles.\nUtility firms can benefit from a slower economic environment because interest rates tend to be lowered by central banks to guard against the worst effects of a recession; therefore, consumers can still afford to heat their homes and buy petrol at the pump.\nConsumer staples\nFirms that produce or sell consumer staples, which people buy out of necessity, are generally thought of as defensive whatever the economic condition. Supermarkets are a good example.\nThey sell food, drinks, tobacco, and household items. The supermarkets and the companies that fill their shelves generate steady cash flow and more predictable earnings during strong and weak economies. As a result, such stocks often outperformcyclical stocks\nHealthcare stocks\nPharmaceutical firms and medical device makers\nBut as with any sector, some healthcare stocks are as risky as dot coms. For example, in 2020-2021 when just about any listed pharma firm claimed to be making a CV-19 drug breakthrough, it caused a huge and unsustainable surge in prices - known as abubble\nWhy invest in or trade defensive stocks?\nYou’d invest in or trade defensive stocks if you’re looking to protect your portfolio when the economy is weak or the stock market is experiencing high volatility.\nPlus, defensive stocks are often well-established companies with a long history of stock market earnings and dividends, so they’re often of interest to dividend investors, or to anyone looking to find long-term gains with lower risk than other stocks.\nDefence stocks also provide a means of diversifying a portfolio. For example, rather than going all-in on tech stocks that are more susceptible to price fluctuations, you can spread your risk across both cyclical and defensive stocks.\nHow to find good defensive stocks\nThe main way of finding a defensive stock is looking at its beta – the measure of a stock’s volatility compared to the wider market. Typically, defensive stocks will have a lower beta, as they’re less affected by price swings.\nIt’s best to create a set of perameters for the stocks you’re interested in, otherwise you’ll end up combing through the entire stock market to establish which defensive stocks to invest in. For example, you might narrow your search to a particular country, sector or index.\nYou can also identify defensive stocks by looking for companies that have consistently paid out dividends over the years, including during recessions.\nDefensive stock advantages\nThere are a number of advantages to investing in defensive stocks; these include:\n\nCreating a starting point if you’re new to the market– defensive stocks can be a terrific investment and trading starting point for inexperienced investors and traders as they should, in theory, be less volatile, rise and fall in tighter ranges, and be more predictable than growth stocks\nReducing the impact of volatility on your portfolio– during recessions, investors use defensive stocks as a mechanism to protect against losses by generating dividend yields and returns when such value isn’t being created in other sectors. In this sense, defensive stocks canhedgethe losses you might experience in other parts of your portfolio\nProviding a more consistent revenue stream– defensive stocks can generate income over and above any other share price increases, and they often deliver the best dividends even in bearish markets\n\nBest defensive stocks\nLet’s take a look at some of the most famous defensive stocks spanning consumer staples, utility firms, healthcare and defense stocks.\nFedEx (FDX)\nThe delivery sector experienced considerable success during the pandemic because consumers were buying more online. Delivery services became essential, and may even become the ‘new normal’ as demands shift.\nFedEx in particular saw an increase in investment throughout 2020 and 2021. The company provides secure foreign delivery services and business services and even has contracts with the US government. Government contracts are highly prized, as they provide a regular source of income during challenging times.\n\nPast year share price increase 113.3%\n5-year share price increase 88.56%\nDividend yield 0.86%\nP/E ratio 26.74\nEPS 11.46\n\nCoca-Cola (KO)\nCoca-Cola is one of the most popular defensive stocks due to its status as one of the world's most recognisable brands. Other than the flagship beverage we all know and love, it manufactures and distributes nearly 500 other products.\nThe pandemic hit Coca-Cola, and earnings slumped year on year. However, compared to other companies in the sectors, the business managed the situation well.\nDespite the slump in demand for its products in the first two quarters of 2020, the stock still rose by 14%, and the firm paid out a dividend of 3.04%, causing market participants to view it as a low-risk long-term investment.\n\nPast year share price increase 14.16%\n5-year share price increase 21.85%\nDividend yield 2.99%\nP/E ratio 33.70\nEPS 1.68\n\nCampbell’s Soup Co. (CPB)\nThe Campbell’s Soup Company doesn’t only make soup, it makes some of the world’s most popular consumer food products. Some of the other brands it owns include Prego, Swanson’s, and Snyder’s. Because they’re affordable, they sell well during harsh economic times. Tasty, cheap foods are always necessary, so if the brands remain popular, Campbell’s will likely always thrive.\nThe share price fell by 3.98% yearly, but an improved dividend pay-out of 3.03% partially countered this fall. Over the longer ten-year term, the stock has risen by 55%.\n\nPast year share price rise 2.66%\n5-year share price fall -21.1%\n10-year share price rise 55.10%\nDividend yield 2.98%\nP/E ratio 18.76\nEPS 2.67\n\nBAE Systems PLC\nBAE Systems is one of the world’s leading global defence, security and aerospace companies working at the cutting edge of technology, and operates in markets such as the US, UK, Saudi Arabia, and Australia.\nIt creates upwards of 100 new inventions annually for customers in more than 100 countries. In addition, BAE designs, develops, integrates and provides products in areas as diverse as life support and naval combat systems.\n\nPast year share price rise 3.30%\n5 – year share price rise 10.82%\nDividend yield 4.45%\nP/E ratio 13.2\nEPS 0.4\n\nLockheed Martin Corp.\nLockheed Martin is a global security and aerospace company employing more than 110,000 people worldwide. The firm is engaged in the research, design, manufacture, integration and sustainment of advanced technology systems, products and services.\nThe firm is ranked 60th on the 2019 Fortune 500 list of largest industrial corporations.\n\nPast year share price fall -4.68%\n5 – year share price rise 62.74%\nDividend yield 2.64%\nP/E ratio 15.9\nEPS 24.88\n\nMcdonald’s Corp\nMcDonald's is the most well-known fast-food chain worldwide, operating franchised restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the UK. Despite economic hardship, the company sees consistent demand for its products – partly due to the almost cult-like admiration the brand has achieved, and its low prices.\nThe firm's favourite products include the Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, and McDonald's Fries.\n\nPast year share price rise 17.51%\n5 - year share price rise 89.35%\nDividend yield 2.21%\nP/E ratio 33.94\nEPS 6.93\n\nProcter and Gamble\nThe Procter & Gamble Company manufactures and distributes branded consumer packaged goods to global consumers. The company sells products in more than 180 countries through mass merchandisers like department stores, distributors, beauty stores, e-commerce and pharmacies.\nIt offers products under the brands Head & Shoulders, Pantene, Mach3, Febreze, Bounty and Charmin.\nThese consumer staples are always in demand, so while the company experiences fluctuations in some of its brands, its portfolio is diversified enough that it usually remains stable.\n\nYearly share price rise 15.29%\n5 – year share price rise 63.97%\nDividend yield 2.56%\nP/E ratio 25.01\nEPS 5.63\n\nAs can be seen by examining the above company data and the most recent metrics, there is no one-size-fits-all method to evaluate defensive stocks.\nSome firms have paid out a combination of high dividends and enjoyed significant share price growth compared to their peers. Others have seen their share prices fall but continued to pay out dividends.\nUsing various measurements, such as the dividend yield, EPS and P/E ratio, together with the share price movements of the short, medium and long term, should enable you to make informed investment decisions.\nDefensive stocks key points\n\nDefensive stocks offer relative price stability, whatever the state of the economy\nDefensive shares also generate dividends as regular income, with the dividend payments countering the slow share growth returns\nBecause these companies are so well established and have robust business models, it’s unlikely that their share prices will drop dramatically. Instead, they typically demonstrate slow share price growth\nMany defensive stocks provide essential products or services, helping them remain financially stable through economic downturns\nExperts often refer to defensive stocks as non-cyclical stocks; they perform well regardless of the economy, while cyclical stocks typically do well only when the economy performs.","news_type":1,"symbols_score_info":{"MCD":0.9,"LMT":0.9,"CPB":0.9,"KO":0.9,"FDX":0.9,"PG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5265929,"gmtCreate":1626734195417,"gmtModify":1635225828638,"authorId":3574251612695532,"author":{"id":3574251612695532,"idStr":"3574251612695532","authorId":3574251612695532,"name":"williamtay","avatar":"https://static.tigerbbs.com/c00441308daf5913d12a1f1b4ac1db1c","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171839990,"type":1,"supId":0,"prevId":0,"content":"comment","text":"comment","html":"comment"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":282,"commentSize":40,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}