Michael Farr, president, Farr, Miller & Washington

He expects a recession later this year, so you want to own consumer staples, things that people need to get them through a recession. These stocks have solid balance sheets and pay good dividends.

Like Buffett, he will never sell it. It's a core position to hold. Maybe it's a short-term trade, though, because pressure on the consumer is coming. Soft drinks will be least-effected in a recession

Continues to like it. It's doing what he expected it to do, and still rebounding from the pandemic. Their streaming continues to perform.  Be where the consumer is spending, which is at Disney.

It's struggled in past years, but he's a long-term investor (6 years on average). They have rebounded along with the economy and the supply chain has eased. Good management name and will reap benefits of capital equipment investments .

Has owned this forever and it's one of his top 10 stocks this year. He doesn't trade it. Has a credit rating higher than the US government and pays a good dividend.