"The labor market has started to tighter and global inflation rates are still gripping the economy. Continued high energy prices, continued rise in interest rates, and war-related issues are likely to raise the risk of a global recession," says Mark Falter. Then, Falter provides his stock picks for high dividend payers: Altria (MO) and Phillips 66 (PSX), as well as defensive consumer stocks: Walmart (WMT) and Dollar General (DG). Falter also says that Alphabet (GOOGL) is a gamble stock.
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