New Oriental Education & Technology Group Inc. (EDU) is being hailed as a good defensive stock to add to your portfolio, according to a recent article on Insider Monkey. The company, which is based in China, offers educational services including language training, test preparation, and overseas study consulting.
With the ongoing uncertainties in the market due to the COVID-19 pandemic and geopolitical tensions, investors are looking for ways to protect their portfolios. EDU is seen as a safe bet due to its strong performance in the education sector, which has remained resilient during economic downturns.
The company has a solid track record of profitability and has consistently delivered strong financial results. Its revenue and earnings have been growing steadily over the years, making it an attractive investment option for those looking for stability and growth potential.
In addition, EDU has a strong competitive position in the market, with a large customer base and a well-established brand. This gives the company a significant advantage over its competitors and allows it to maintain its leading position in the industry.
Despite the challenges posed by the pandemic, EDU has successfully adapted to the changing environment by offering online classes and other digital services. This has helped the company continue to attract customers and generate revenue even during lockdowns and social distancing measures.
Overall, New Oriental Education & Technology Group Inc. (EDU) is a solid defensive stock that offers investors a safe haven in uncertain times. With its strong financial performance, market position, and ability to adapt to changing circumstances, EDU is a smart choice for those looking to protect and grow their investment portfolios.
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