The latest monster Federal Reserve rate hike and a series of poor economic readings have topped recession concerns on Wall Street, but history shows that there are always some stocks where investors can ride out a recession. Fears of a recession have spread in recent months, as economic growth slows while inflation remains high. On Thursday, weekly initial jobless claims came in higher than expected, while housing starts in May were much weaker than expected. The Philly Fed Index for June unexpectedly declined. After an astonishing 1.4% GDP decline last quarter, the Atlanta Fed’s GDPNow tracker now shows 0% growth for the second quarter. Economic projections from the Federal Reserve, which have recently proved too optimistic, now show that unemployment is on the rise in the coming years. Recession periods are tough even for some of the top companies in the United States, but there are some stocks that have proven resilient during recessions. The list below shows stocks in the S&P 1500 Index that have delivered positive returns during the last three recessions, have never declined more than 5% during either of those periods, and outperformed in 2022. are doing. Source: Factset Some of the top names are small and mid-cap companies. Logistics company Maarten Transport has led the way with an average of 28% returns during the last three recessions. Network technology company Adtran has averaged 12% returns, and it has received some recent praise from Wall Street. “Adtran is in the midst of an unprecedented demand cycle that seems to have a strong 5+ year runway,” Rosenblatt Securities analyst Mike Genovese said in a note to clients on June 12. Government spending on network and communication technology. There are also a lot of large, traditional defensive stocks on the list. Amgen and Walmart have averaged returns of 14.7% and 9.3%, respectively, during the last three recessions. Walmart stock has fallen about 17% this year, struggling with many other retailers, but history shows it’s a relative winner during recessions. The list also includes some stocks that have received positive news recently. For example, JM Smucker outpaced earnings and sales projections for its most recent quarter, which it reported on June 7. On Thursday, McDonald’s received a positive note from Argus Research, which reiterated its buy rating on the fast food stock. “We expect McDonald’s, with its strong digital, delivery and drive-thru businesses, to endure the soft industry sales period better than other restaurant chains. During the current period of industry weakness, we Prefer large restaurant chains like McDonald’s. Value menus, spend heavily on advertising, and keep clean balance sheets,” Argus analyst John Stazak said in a note to customers. Argus is far from alone in terms of bullishness on the stock. According to FactSet, McDonald’s has a buy rating from 71% of Wall Street analysts. — CNBC’s Michael Bloom contributed to this report.