Intuit Inc. (INTU-Q)

Companies like this need new businesses (to become clients), but if were heading into a recession there are fewer businesses. So, this is a challenge for INTU. Over 5 years, maybe this is okay, but their PE is now at a high 40x. If want to buy, buy a small position.

She just bought Intuit. PE isn't cheap, but it has a competitive advantage because they operate in tax and accounting, areas which are more resilient in a recession if enterprise spending slows. Also, they offer better margins in their online where most of their revenues lie.

A great, long-term company, great because it is invaluable to small businesses. The chart shows a head-and-shoulders pattern.

He uses the products as do many others. It has been an amazing company with a strong main business. However it has diversified away from its main business and this does not necessarily work with any company. He hasn't researched it yet but it should be in a group of 60 to 100 quality businesses that will do well.