April has proven to be a tumultuous month for investors, marked by significant fluctuations in the stock market. The S&P 500 index, which serves as a benchmark for the overall market's performance, has dropped approximately 9% year-to-date. This decline is largely attributed to the prevailing uncertainty surrounding the trade policies implemented by the Trump administration, which have left many investors feeling anxious about the future.

In such unpredictable economic climates, diversifying into more stable, recession-resistant stocks can be a prudent strategy. This article delves into why Philip Morris International (NYSE: PM) and Alpine Income Property Trust (NYSE: PINE) present compelling opportunities for long-term investors.

Philip Morris International

Philip Morris International (PMI) operates within the tobacco industry, which is known for its habit-forming products. Consequently, the demand for cigarettes and other tobacco items typically remains robust, irrespective of broader economic conditions. However, this resilience comes with significant health concerns, leading to increased regulatory scrutiny and challenges. In response, Philip Morris has strategically diversified its geographic reach and shifted its focus towards safer, reduced-risk tobacco products.

Unlike its former partner, Altria Groupfollowing their split in 2008Philip Morris has largely steered clear of the U.S. market. Instead, it has directed its attention toward generating revenue from international markets across Europe, Asia, and Latin America, effectively mitigating risks associated with a single market reliance.

The company has also been at the forefront of innovation within the tobacco sector by transitioning from traditional cigarette production to reduced-risk products, such as its popular Iqos device. This product heats tobacco instead of burning it, which significantly diminishes the release of harmful chemicals while still delivering a satisfying flavor experience for users. Furthermore, Philip Morris has established a strong foothold in the oral tobacco market with its Zyn nicotine pouches, which gained such popularity that they faced supply shortages in the U.S. in 2024.

As a mature organization, investors should temper their expectations regarding explosive top-line growth from Philip Morris. However, the company boasts a resilient business model that offers a consistent profit stream. This financial stability has translated into a reliable dividend payout, one that has impressively increased every year since 2008, rewarding shareholders even in challenging market conditions.

Alpine Income Property Trust

For those who are dividend enthusiasts, Alpine Income Property Trust stands out as an attractive investment opportunity. As a real estate investment trust (REIT), Alpine Income has the advantage of avoiding federal income tax by distributing the majority of its earnings to shareholders. Its relatively small market capitalization gives it an edge as a nimble alternative to larger, more established players in the REIT sector.

REITs have been a component of the investment landscape since the 1960s, with many evolving into massive conglomerates over time. However, the challenge for larger REITs is that as they expand, they often face the necessity of acquiring more properties to sustain their growth, which can compromise the quality of their investments.