Best 15 Cheap Defensive Stocks to Buy in 2024

Entergy Corporation (ETR)

It is a Corporation engaged in the production, transmission, distribution, and retail of electricity.

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Ambev (ABEV)

Ambev, formerly Companhia de Bebidas das Américas, is a brewing company offering bottled water, energy drinks, and more.

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Bristol-Myers Squibb Company (BMY)

It is among the biggest pharmaceutical corporations globally. BMY is among the best defensive stocks undervalued, with a PE ratio 13.27.

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VICI Properties (VICI)

It manages properties related to gaming, lodging, and entertainment.

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Sanofi (SNY)

The French company Sanofi is responsible for discovering, developing, producing, and distributing numerous medications and vaccines.

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United Therapeutics Corporation (UTHR)

This company develops and markets innovative pharmaceutical products to treat infectious diseases and cardiovascular disorders.

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CVS Health Corporation (CVS)

This company delivers retail pharmacy and healthcare products and services, such as prescription drugs and Medicaid healthcare management services.

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Albertsons Companies (ACI)

This company operates a nationwide chain of pharmacies and supermarkets. It sells Signature Reserve, Waterfront Bistro, Lucerne Dairy Farms, etc.

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Public Service Enterprise Group (PEG)

This holding company for public utilities conducts business through several subsidiaries, including Power Ventures, Nuclear, Fossil, and Energy Resources & Trade.

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GSK plc (GSK)

This company, headquartered in the UK, develops, produces, and markets vaccinations, specialty medications, and general medicines.

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Altria Group (MO)

The Virginia-based company Altria Group, Inc. creates and sells cigarettes, tobacco, and related goods.

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Bunge Global SA (BG)

This Missouri-based company deals with edible oils, food and ingredient storage, transportation, buying, and selling, among other things.

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BioNTech SE (BNTX)

German company BioNTech SE is engaged in creating and producing active immunotherapies.

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CEMIG (CIG)

A Brazilian integrated energy company that produces, transmits, and distributes electricity is called Companhia Energética de Minas Gerais.

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Enel Chile S.A. (ENIC)

It is engaged in the production, selling, and distribution of electricity. The company sells a variety of energy-related goods & exporting natural gas.

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