Top Stock 1 – AutoZone ( AZO )
AutoZone ( AZO ) is a recession-proof stock, since the company is capitalizing on the fact that Americans are buying fewer new cars and maintaining their old vehicles longer.
As major car companies deal with bankruptcy, this trend will only continue. In its latest quarter, the company's earnings rose 22%, and sales jumped 8%. Growing year-over-year earnings in this dismal environment is a tremendous feat.
The best part is that this company is poised to pick up a huge chunk of market share as Chrysler and General Motors head down the drain. Since the dealer networks and parts businesses of these companies will likely suffer during the process, AZO will quickly fill the void.
$151.45 (03/03/09)
