Warning signs are flashing that the global economy is headed for a recession. On Tuesday, Goldman Sachs CEO David Solomon said he expected the economy to slide into a recession in the coming months, while JPMorgan Chase CEO Jamie Dimon warned that high inflation could causing a recession next year as consumer spending dries up. Other market veterans, such as Nancy Tengler, have a similar view. “The economy is going to slow in 2023. Whether we’re actually in a recession or not – the yield curve says yes – we’re slowing down,” said Tengler, CEO and chief investment officer. of Laffer Tengler Investments, told CNBC “Street Signs Asia” on Tuesday. Tengler, who has been recommending dividend growth strategies for more than three decades, named four stocks she owns. All pay dividends and pledge to increase payout ratios. Her company uses what is known as a relative dividend strategy to gauge the value of a stock. The relatively high dividend yield is a buy signal if the dividend level is expected to hold and increase over time. The stock she owns Investment Bank Goldman Sachs is “her favorite financial company”. [stock] is entering a slowdown.” “This is a company with lower interest rates, less risk and less sensitivity than the region. [banks] and other major banks. And they have a lot of leverage to execute deals and M&A,” said Tengler, adding that Goldman has a track record of growing dividends, with five-year compound annual growth of nearly 25 % current yield is 2.6% Goldman also fits into one of Tengler’s top investment themes: old-economy stocks are embracing digital transformation. recently acquired financial technology company GreenSky and card partnerships with Apple and General Motors, according to the Wall Street Journal, which first reported on the reorganization.’: BlackRock says it’s time to think Bonds back Bank of America says two global chip stocks that could rise 75% on electric car sales Apple are buy or avoid stock Another old economic stock that Tengler likes is public California-based self-storage company Public Storage, according to Tengler, the company has $900 million in cash on its balance sheet and has an operating profit margin of over 80%. also gave fourth-quarter guidance on its recent third-quarter earnings call, she added. Tengler notes that Public Storage has an exceptional dividend-paying history, contributing to the stock’s 5-year annual dividend growth of 21.5%. It pays the current interest rate of 2.7%. In the technology sector, Tengler’s top picks are Microsoft and Palo Alto Networks. “Microsoft at these levels with a growing dividend is one of many companies driving the digital revolution. Although this quarter was criticized by many as exemplifying a slowdown in growth on the platform Cloud, but let’s take a closer look The company surpassed earnings and revenue and delivered a record third quarter thanks to the continued strength of the Cloud ($23 billion in revenue up 32 %) compared to the same period last year,” she said. Tengler pointed to Palo Alto’s “strong” performance in the third quarter, during which its revenue, earnings per share, and bills all increased. She previously told CNBC that cybersecurity is a “sustainability story,” given the growing demand in the sector.