In this article, I will introduce 4 recession-resistant stocks with a fortress balance sheet. Not only are they COVID-19 resilient, meaning that the negative impact of the coronavirus outbreak to their income is marginal or might even be positive, but they will also continue to strive after this whole health pandemic issue is over by gaining market share from their cash-strapped peers.  

With a recession being imminent or perhaps we are already in one, many companies will be in a challenging position in 2020. According to the data from Refinitiv, 40 S&P500 companies have already reported their 1Q20 results as of 16 April. The actual YoY (1Q20 vs. 1Q19) earnings growth thus far was -30.9%.

On a full year 2020 basis, the current street forecast is for YoY earnings to decline by -12.8%, as of now. I expect changes to be pretty fluid (one week ago it was