A recession is nearer than a lot of Wall Street analysts believe. In order to prepare for its arrival investors should pick up shares of Alibaba (BABA - Get Report) , China Mobile (CHL) , Sherwin Williams (SHW - Get Report) and the iShares MSCI India ETF (INDA - Get Report) , says Steve Blumenthal, CEO of CMG Capital Management. First on Blumenthal's recession shopping list is Alibaba. Blumenthal believes Alibaba, already the largest e-commerce company in the world, could double from here even though it is up over 40% since March 2016. Staying in China, Blumenthal is bullish on China Mobile, up 4.6% year-to-date. He said the mobile segment in China is projected to expand at 52% compounded yearly giving China Mobile an extended runway to grow. Sherwin Williams, up 7% thus far in 2016, is a far cry from a Chinese e-commerce or wireless play, but the paint producer will still thrive in the recession that Blumenthal sees on the horizon. Finally, Blumenthal is a fan of the iShares MSCI India ETF, which has risen 7% so far in 2016. He points to India's most recent GDP growth rate of 7.4% as a reason to be positive, as well as the country having the lowest debt to GDP ratio in the developed and emerging market worlds.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Video
What the Broadcom Symantec Deal Collapse Means For Broadcom Going Forward
The deal is off. But the party isn't over for the 'disciplined' Broadcom. Watch the video for TheStreet's ICYMI video series.
Newt Gingrich on the U.S.-China Trade Talks, Biotech and Advice for Investors
Newt Gingrich weighs in on the U.S.-China trade deal, President Trump's social media presence, his focus on gene therapy and his advice for investors.
Millennial Portfolio Managers on How to Get Started Investing
Zev Fima, Research Analyst with ActionAlertsPLUS, had a chance to sit down with three millennial portfolio managers to see what advice they had for other young people looking to start investing.