Credit Suisse recommends stocks with a characteristic favored by Warren Buffett for investors navigating rising risk in the equity markets. The firm hopes that companies with “economic moats” can help investors protect their portfolios from growing economic uncertainty. It is a term popularized by the legendary investor that refers to a company’s ability to maintain competitive advantages over its peers, such as a better business model or scale. “The most important thing [is] trying to find a business with a wide and lasting moat around it… guarding a fantastic economic castle with an honest lord in charge of the castle,” Buffett said in a 1995 meeting, according to CNBC’s Warren Buffett Archive. Credit Suisse identified below Opportunities increase in companies with high barriers to entry, as macro risks increase The firm’s strategists pointed to aggressive action against inflation by central banks around the world, as well as growing risks to earnings estimates for 2023, advising investors to underweight equities.”Our economists are not ruling out a recession and anticipate US GDP growth to be 0.9% in 2023, compared to -0 .2% of the euro zone,” analyst Richard Kersley wrote in a Thursday note. pits, which have “superior ability to innovate” with strong pricing power. These are the names. Shares of Air Products & Chemicals may rise more than 20% from here as the company has “among the most resilient business models” as it is difficult to transport gases over long distances, according to Credit Suisse. The company has a $295 price target for the company and the shares closed Wednesday at $241.46. Hershey was approved by the firm as “it is poised for a year of growth above the algorithm (5%) in 2022” due to its leading market share in confectionery, according to the note. Credit Suisse has a $250 price target on the company, which is up 11.9% from Wednesday’s closing price of $223.41 per share. “Market share gains are likely to persist through 2022 and likely beyond as retailers gave the company more shelf space,” the note read. McDonald’s is “well positioned” to perform regardless of the macro context due to its leading value proposition, according to Credit Suisse. The fast food company is also recovering in foreign markets, the note said. Other companies with protective moats in the Americas include Microsoft, Nextera and Autodesk. —CNBC’s Michael Bloom contributed to this report.