Of the 500 stocks in the S&P 500, (according to data from Capital IQ) fewer than 20 have actually risen in value in the economic downturn of the past 18 months. The leader of these recession-defying stocks is, far and away, Family Dollar Stores (FDO). Since the end of 2007, Family Dollar shares are up 67%.
Today, Family Dollar proved again why the downscale retailer is so attractive to investors. In quarterly results released July 8, earnings per share of 62 cents were 35% higher than last year and 3 cents above Wall Street expectations. Family Dollar eased a few investor worries with this report.
Family Dollar Stock Performance vs. Inverse YoY GDP