Three defensive stocks to buy now

As the stock market rally falters, it's time to get re-acquainted with the world of inflation-beating defensives, says Theo Casey. Here, he picks three stocks to shelter behind.

After seven range-bound weeks of the FTSE 100 wobbling up and down from 4300 to 4500 and back again, the market has finally rediscovered its direction. As I expected, it's fallen from its highs and is down at 4244 last time I checked. Today, we'll look at what's worth buying now

I've been consistently sceptical of the "green shoot" phenomenon over the last few months. It did bear all the hallmarks of a bear market rally; the stocks with the worst fundamentals (mainly financials) which were previously sold most heavily, rose the highest.

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