The S&P 500 index has plunged this week, and there are signs that the trend will continue in the coming months. One reason for this is that the market anticipates that the US will have a recession.
Indeed, Polymarket recession odds have jumped to 53%, the highest level since the platform was launched. As we wrote on this Nasdaq 100 index article, there is a likelihood that this stock market crash will be a golden opportunity to buy the dip.
This article explains some of the top S&P 500 stocks to buy as recession odds rise on Polymarket.
Intercontinental Exchange (ICE)
Intercontinental Exchange, popularly known as ICE, is one of the top companies that will not be affected by Donald Trump’s tariffs. That’s because the company offers solutions that cannot be replicated in the US and those that cannot be tariffed. It owns companies like the New York Stock Exchange (NYSE), ICE Futures Europe, and ICE Futures Canada.
The NYSE and the NASDAQ are the premier venues for company listings in the US. It makes its money through transaction and clearing fees, market data, listing fees, and technology and software solutions.
Analysts expect that the company’s growth will continue. The average revenue estimate for the year is $9.8 billion, up from 5.76% from last year. It will then make over $10.4 billion next year.
Moody’s (MCO)
Moody’s is another S&P 500 stock to buy because it cannot be affected by tariffs. It is part of Warren Buffet’s portfolio and one of the big three credit rating agencies globally. It operates its business through two divisions: Investor Service and Moody’s Analytics.
Moody’s makes its money from governments, corporates, and other development agencies. Over time, its revenue has grown from $5.3 billion in 2020 to over $7 billion last year, and analysts see it rising to $7.6 billion in 2025 and $8.19 billion next year.
Moody’s stock price will likely continue doing well over time even with a trade war going on.
Read more: Moody’s stock has it all, but has one potential risk
MarketAxess (MKTX)
MarketXess is another top S&P 500 index stock that will likely not be affected by tariffs because of its business. It is a financial technology company that provides an electronic trading platform used to trade fixed income securities. It also provides users a platform to trade Treasury bonds, municipal bonds, and other debt.
The company’s platform helps to connect institutional investors like asset managers with broker-dealers. It then takes a small cut for all trades that go through its platform.
MarketAxess’ business will not be hit by these tariffs or even a recession since asset managers will continue to trade these assets. Its business has been doing well, with its annual revenue rising from $688 million in 2020 to $817 million last year. And analysts see its revenue growing to $861 million this year and $947 million in 2026.
Read more: Are Tradeweb and MarketAxess stocks rare hidden gems?
Republic Services (RSG)
Republic Services is another S&P 500 stock to buy as recession odds rise. It is one of the top firms in the waste management industry, competing with Waste Management, Waste Connections, and GFL Environmental.
Republic Services has grown rapidly over the years, with its annual revenue jumping from $10.1 billion in 2020 to $16 billion. This growth happened because of its price increases and acquisitions.
Republic Services stock often does better than Waste Management, and analysts expect that its growth will continue. The average estimate is that its annual revenue will grow by 5% in the coming years. This growth may drive its stock price higher over time.
Read more: Waste Management is a good stock; but Republic is even better
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