If you’ve been worrying about whether the boom already is over or when it will end, it might be time to start looking for some recession-proof stocks to buy to get you through the lean times. Even if you don’t believe those times are not here yet, they very well soon could be.

Consider this: The March 2009 low for the S&P 500 occurred more than ten years ago. Since 1945, the average economic expansion has lasted just under five years. This factor in itself should indicate the economy is currently seeing the late stages of the current economic expansion.

For this reason, investors should have a plan in place to invest in defensive stocks. While such a shift will likely bring the S&P 500 down, some investors become wealthier in such conditions.

Contrary to popular belief, some stocks move higher during economic downturns as changing consumer habits create opportunity. These seven companies should prosper in such times.

Costco Wholesale (COST)

Costco (NASDAQ:COST) offers much to consumers during hard economic times. With the need to save money, people will dine in more. They will often buy in bulk and will still prefer high-quality goods. All of these factors work in Costco’s favor.

Moreover, while other retailers have struggled, Costco’s growth continues. Same-store sales increased by almost 6% during the first half quarter of 2019. However, this number matters little to the bottom line. Due to its pricing, nearly all of Costco’s profit comes from its memberships. Membership renewal rates have held at around 90% despite 2018’s membership price increase.

Further, with new locations opening and expansion into China underway, membership increases will continue.

In 2017, the sentiment that Amazon (NASDAQ:AMZN) would take over retail hit Costco and other retailers hard. However Costco had a pretty good 2018 and the stock has seen steady growth.

Walt Disney (DIS)

With millions facing unemployment or underemployment during downturns, people find themselves with more free time. This creates an opportunity for Disney (NYSE:DIS) to serve as one of the downturn stocks to buy as they provide low-cost entertainment.

Many regard its content library as the best available. This coincides well with the coming launch of Disney’s streaming service. Disney is offering a lower price than its peer Netflix (NASDAQ:NFLX). While many customers will get both services, those focused on access to the best content library at the lowest price will choose Disney.

This along with ESPN, Marvel, Lucasfilm, the theme parks and Disney’s other ventures continue to drive Disney’s profits higher.

Because of Disney’s switch to streaming, DIS can rise further. The forward P/E for DIS stock stands at about 15. This represents a low multiple for a stock seeing double-digit profit growth in most years. With the affordable entertainment Disney will offer, the profit growth for DIS stock should remain robust regardless of how well the economy performs.

Dollar Tree (DLTR)

Of all recession-proof stocks to buy, perhaps none define the category better than Dollar Tree (NASDAQ:DLTR). As an extreme discounter, the store holds a continuous appeal to lower-income consumers and for those who want to keep spending to a minimum. During a downturn, this draw also attracts those who would regularly shop at higher-end stores during better times.

However, even during these better times, DLTR stock has enjoyed average growth at about 16% per year over the last five years. Analysts believe growth will still hold at about 13.4% per year on average for the next five years. This growth will help it to compete with peers such as Dollar General (NYSE:DG) and Big Lots (NYSE:BIG).

Now could be a great time to buy DLTR stock, whether a downturn comes tomorrow or two years from now. Both a downturn and its predicted growth could serve as catalysts to push the stock back to its high and perhaps beyond.

The company operates over 14,800 stores in 48 states and five Canadian provinces. At a market cap of only $25 billion, Dollar Tree stands as a large company that will enjoy steady growth in the years ahead regardless of how the overall economy performs.

Spirit Airlines (SAVE)

Even during this booming economy, ultra-low-fare carrier Spirit Airlines(NASDAQ:SAVE) has become the fastest-growing U.S. airline.

Though airlines do not normally appear on lists of downturn stocks to buy, SAVE stock could buck that trend. For one, cash-strapped customers who might have flown a different airline when they felt wealthier, will turn to Spirit more often.

Moreover, higher-end airlines would have to cut back service in more crowded airports. This could serve as an opportunity to take more market share at airports with little room to expand.

The airline also continues its expansion in South America and has yet to tap the Canadian market. They are also looking at adding regional jet types to their fleet. They fly only certain types of Airbus aircraft currently. Adding a regional jet would allow them to expand to smaller domestic markets presently overlooked by discount carriers.

Despite a temporary growth setback in 2017 from having to pay pilots more, analysts expect the fast growth pace to resume. The stock trades at a forward P/E of only about eight.

Most expect Spirit to see the one of highest growth rates in the sector. With the ultra-low fares, high growth and the potential to expand, Spirit can prosper in almost any economic environment.

Molson Coors (TAP)

Molson Coors (NYSE:TAP) and its peers have faced challenges as consumers increasingly turn to craft beers. Others have turned to wine and spirits, or away from alcohol altogether.

During the last recession, consumption of mainstream beers fell as consumers turned to craft beers. The company saw the writing on the wall. They set out to acquire multiple craft breweries in various regions of the country.

Some, such as Blue Moon and Leinenkugel, sell nationally. Other brands, such as Hop Valley or Revolver, come closer to the “microbrewery” concept, selling only in select regions of the country. This leaves Molson Coors with a wide variety of products to sell to both the low-end consumers and those who want to enjoy a “luxury” craft brew as they drown their sorrows during a downturn.

The trend toward cannabis legalization could also benefit TAP stock. Spirits producer Constellation (NYSE:STZ) bought a stake in Canadian weed company Canopy Growth (NYSE:CGC) last year. The Molson Coors deal with cannabis company Hexocould also bolster revenue and earnings, which would help TAP to prosper as one of the better downturn stocks to buy.

The stock trades at a forward P/E of 12. TAP stock saw minimal profit growth over the previous five years. Still, analysts predict profit growth will come in at almost 7.7% per year on average for the next five years. A move into cannabis would likely increase that estimate. Whatever happens with the economy, investors will have what they need to relieve the pain available on TAP.

Teladoc (TDOC)

Healthcare equities tend to function well as recession-proof stocks to buy. Even in a booming economy, the rising cost of healthcare has served as a source of worry for many Americans. However, Teladoc (NYSE:TDOC) appears ready to cut the cost of doctor visits.

For $40, patients can receive a virtual visit from a doctor at any time via their PC or smartphone. This allows for treatment solutions at a lower cost without the wait.

Analysts estimate over 400 million doctor visits per year, about one-third of the total, could take place on such a platform. Teladoc holds well over 50% of the market share in telehealth.

The growth potential remains enormous regardless of how the economy performs. However, unemployed workers often drop health insurance during downturns. Thus, TDOC could provide quick, life-saving treatments to those who might not otherwise be able to afford a doctor.

The company has invested heavily in improving diagnostics and taking this service outside the U.S. As a result, it has spent heavily, and profitability will not come in the foreseeable future. Also, with TDOC trading at more than nine times sales, it has become an expensive stock.

However, revenue  has nearly doubled every year since 2013. With a majority of the market share, a $3.8 billion market cap and more than 99% of the potential market left to be addressed, TDOC stock should rise regardless of what happens to the economy.

T-Mobile (TMUS)

T-Mobile (NASDAQ:TMUS) and its peers are spending tens of billions of dollars over the next few years to upgrade to 5G technology. 5G promises to revolutionize the wireless industry and perhaps the tech industry as a whole.

Tests indicate it will bring speeds between 10 and 60 times faster than 4G. This will improve wireless connectivity and bring the world apps and functions not possible in the 4G realm. One such application is connectivity to Internet of Things (IoT) devices. Others have yet to be imagined.

However, this places pressure upon T-Mobile, as well as AT&T (NYSE:T) and Verizon(NYSE:VZ), to complete the 5G upgrade to stay relevant in the wireless business. Thus, the move to 5G will continue regardless of how the economy performs. Moreover, people must communicate in good times and in bad. This need will help T-Mobile and its peers as downturn stocks to buy.

Also, assuming they can complete the long-desired merger with Sprint (NYSE:S), T-Mobile will see a broader customer base and only two direct competitors in the U.S. With or without Sprint, and with or without a booming economy, T-Mobile and TMUS stock will move ahead at full speed.

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