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5 stocks you can buy and hold forever

If you invest in stocks and dream of seeing your money multiply. Your best bet is to buy strong stocks that have indisputable growth catalysts and hold them tight for years. even in practice forever and ignoring daily price movements all along. The combination has worked like magic over the years. And that’s the only formula you need to build wealth. Here are five amazing stocks from diverse industries that you can hold forever.

Win the clean energy game.

If a country sets a zero emissions target by 2050, it must achieve it. The International Energy Agency forecasts 60% of global electricity will be used by renewables at the time, up from just 27% in 2019, making it an incredibly attractive investment criterion for renewables- energy stocks. Especially stocks that prepare themselves to take advantage of huge opportunities. NextEra Energy (NYSE:nee) It̵

7;s a stock that comes into my head for three main reasons:

  • It is the world’s largest producer of solar and wind power.
  • There is a backlog that exceeds the available capacity.
  • It’s a growing dividend stock.
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Moreover, NextEra is the largest utility in the United States. This means that this stock gives you the best of both worlds – the flexibility that comes with a defensive utility stock and the growth from renewables. That also makes NextEra one of the good guys to have. A rare dividend that is ready for growth, a winning ingredient that long-term investors in stocks want to own.

Uncompromising stock in all weather conditions.

You might find this attractive high-tech stock. But you will be stunned to know that some of the most boring and underrated stocks can be huge stocks. Here’s a chart of one stock you want to chew on.

WCN chart

WCN data by YCharts

don’t have to understand much waste connection (NYSE:WCN) Waste Connections has stood the test of time. Waste collection, disposal and recycling businesses are timeless and immune to economic ups and downs. If this guarantees stable income and cash flow for Waste Connections, the company’s two-pronged strategy has helped it grow. have The first is hunger for acquisitions. Especially in rural markets where there is less penetration. And second, it’s its foothold in the oil and gas sector that has made the company a leader in oil waste management.

Moreover, Waste Connections has increased its dividend by double-digit percentages every year for the past 10 years. The trend should continue. Which is another reason to own this stock for as long as possible.

The Cash War and the Trillion Dollar Opportunity

The world is still mostly cash transactions. Most of the world’s population still does not have a bank account. And ecommerce still has a long way to go in various parts of the world. In a nutshell, ecommerce and digital payments are two megatrends that can drive huge profits for stock investors such as: master card (NYSE: Massachusetts) in the next decade

While the main payment processing platform which facilitates credit, debit and prepaid card payments is stable cash. Mastercard is a nimble company making all the growth right for the bigger future. Cryptocurrency rewards credit cards. Investing in Blockchain Technology And the recent acquisition of digital identity company Ekata is just one part of Mastercard’s latest fintech movement.

Mastercard has seen double-digit revenue and revenue growth over the past four decades. And the constant growth of dividends has greatly increased the stock’s returns. With the global digital payments market expected to grow in double digits over the next five years. and MasterCard entering a multi-trillion dollar market like China. It’s the blue chip stock you’ve always wanted to own.

A healthcare giant built to last

The global medical device market may hit $600 billion in the next few years. And the global pharmaceutical market can grow at a compound annual double-digit growth rate and reach $900 billion by 2027. One company that can make the most of these opportunities is: Johnson & Johnson (NYSE:JNJ)And don’t forget the consumer health department, which sells products under popular brand names like Band-Aid, Listerine, Neutrogena, and Tylenol.

By 2020, Johnson & Johnson had 55% to $45.6 billion in drug sales. And even though medical device sales are affected by the COVID-19 pandemic. But the group has 28% revenue and generates $23 billion in sales. Johnson & Johnson has an enviable biotech pipeline. Recently it made great progress in immunology with its acquisition of Momenta Pharmaceuticals. Continue to prioritize spending on research and development. and is committed to providing returns to shareholders through dividends and share buybacks.

Johnson & Johnson’s 59-year steadily rising dividend payout is in fact a key reason long-term stock investors have become millionaires.

JNJ chart

JNJ data by YCharts

Johnson & Johnson’s COVID-19 vaccine has some obstacles But that’s not the case. And don’t steal the thunder from the company’s inherent abilities. Johnson & Johnson has been around for more than a century. And it’s one of the best Dividend Kings you can buy and hold forever.

Balance the two hottest megatrends: ecommerce and streaming.

Despite runners up in the past few years Amazon.com (NASDAQ:AMZN) It’s still a no-brainer stock to hold, especially after the latest megamove.

Amazon’s upcoming $8.45 billion move to buy MGM marks a major step into the popular streaming TV space that is expected to grow at a double-digit annual compound rate in the next few years. next year Proving that growth potential lies in Amazon’s own numbers: Prime video streaming hours increased 70% in 2020, and Prime subscriber count surpassed 200 million earlier this year. in the first quarter earnings call Management has highlighted how Prime Video is a “important” channel for acquiring and retaining subscribers in the countries where Prime serves.

And while it tries to influence streaming content. Amazon’s leadership in ecommerce remains undisputed and its cloud infrastructure services Amazon Web Services (AWS), a key profit center and growth driver, AWS is a high-margin and backlog segment. It was $52.9 billion at the end of March. For perspective, AWS generated $45 billion in net sales in 2020.

In short, it’s hard to quantify Amazon’s market cap, which is why you won’t regret owning this stock.

This article expresses the opinions of the authors who may disagree with the recommendation’s position. The “official” version of Motley’s premium consulting service, we mix! Investment Thesis Questions Even our only story It helps us all think critically about investing and make decisions that make us smarter. happier and get richer

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