Fears of a recession are mounting because the Federal Reserve continues its makes an attempt to desperately curb rising inflation. Investors trying to protect their portfolios on this worrisome setting, could discover safety in shares which have carried out properly throughout earlier recessions and when financial progress is unfavourable. In current months, economists at main banks have upped the possibilities of a recession and buyers bought contemporary GDP knowledge on Thursday which confirmed the financial system contracted for a second time final quarter. Two consecutive quarters of declining GDP is seen by many as an indication of a recession, though the National Bureau of Economic Research makes use of a number of different components to find out an official one . To discover probably the most recession-proof corporations, CNBC Pro used FactSet knowledge to display for names that averaged strong returns and gained in worth throughout every of the final three recessions. We then seemed for corporations with no less than a $5 billion market capitalization which might be at present beating the market this yr. The search introduced again a slew of corporations with strong companies that have a tendency to carry up even in a downturn. Here are a few of the names that made the reduce: Walmart made headlines when it trimmed its steering earlier this week as inflation takes its toll on customers. But the retailer has nonetheless been a powerful performer over the past three recessions and continues to outperform the market this yr. Since the start of 2022, Walmart shares are down greater than 11%, relative to the S & P 500 which has fallen about 16%. In the latest recession, the retailer posted a 13.4% return and a 5.1% return throughout the Great Recession. Southwestern Energy noticed the best common return (59.8%) and the most important return in the latest recession and the Great Recession, when it gained 127.5% and 39.4%, respectively. The pure gasoline producer additionally made a current CNBC Pro display for shares that traditionally outperform the bear market. Southwestern’s inventory has skyrocketed greater than 48% this yr as pure gasoline costs soar. Cereal maker General Mills is one other sturdy performer throughout a downturn. The inventory is buying and selling up 10% this yr and not too long ago hit a contemporary excessive on the again of sturdy quarterly outcomes. During the final recession, General Mills gained greater than 23%. Other shares that made the record included Amgen , O’Reilly Automotive and J.M. Smucker Company .