Reported 2 days ago
Analyst Jed Ellerbroek from Argent Capital praised The Progressive Corporation (NYSE:PGR) as his 'favorite' defensive growth stock, emphasizing its stable demand for auto insurance regardless of economic conditions. With 95 hedge fund investors backing it, Progressive continues to outpace competitors like State Farm and Geico, making it a strong pick as investors prepare for potential recession risks indicated by Goldman Sachs.
Source: YAHOO