Three resilient companies to buy on the dip

Professional investor Mark Page picks three resilient companies that should be able to grow their earnings and cashflows in (almost) any economic environment.

Each week, a professional investor tells us where he'd put his money. This week:Mark Page, Artemis European Opportunities Fund

Investors love trends and fads. The latest is the "reflation trade". In anticipation of stronger economic growth, inflation and rising interest rates, structurally challenged banks and unprofitable cyclical companies have been the market's best performers since the summer. At the same time, profitable, resilient companies that are able to grow their earnings and cashflows in (almost) any economic environment have seen their share prices suffer. As a result, the real value for investors in today's market lies in "buying the dip" in the best of this second group of stocks.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Mark Page is co-manager of the Artemis European Opportunities Fund and a professional investor who has previously given his tips on shares and the stockmarket on MoneyWeek.