Investors might want to counterbalance the risk of a stock so strongly correlated with the economy. Consider co-investing in a wide-moat consumer staple stock with global diversification. One name that springs to mind is the market share-commanding Nutrien ( TSX:NTR )( NYSE:NTR ). This agri input stock is classically defensive. Investing in Nutrien also satisfies a growth thesis, since this name plays into the precision farming trend.