[cj]

Someone from Wells Fargo was on CNBC earlier this week. I liked his viewpoint:

They're bullish on a subset of tech that's specifically focussed on efficiency and process automation.

I think the same category would do well in a recession. If money is tight, you'll trim down your workforce and you'll cut out "nice to have" goods and services from your budget, but you probably won't cut services/tools that help you get things done faster with fewer people.

[mistrial9]

business schools have a name for this ... high beta or something like that .. it literally is the sector of business that does well with massive unemployment and similar.. shopping clubs with lower prices for members are one example.

[giantg2]

Beta is just variablity compared to market variability. High beta means the stock move more than the market as a whole. Low beta means it moves less than the market as whole. Investipedia probably has a better definition.