Best Buy Co., Inc. (BBY)

The chain survived the era when shoppers came to look at a product and then ordered it more cheaply online. The answer was matching online prices, using shops as warehouses for fast collection, and installation and repair services an online marketplace does not have.

The weakness is structural: televisions and laptops are replaced in waves tied to service life, and between waves sales fall. The growing lines are health products and subscriptions for device support. Risks: the electronics replacement cycle, import tariffs and the discretionary nature of large purchases in a downturn. The dividend is high.