2 Stocks Under $100 You Can Buy and Hold Forever
If you're looking for a stock that you can hold for a lifetime, you have to look beyond a company's current performance, whether good or bad, and analyze the core strength that will keep it around for decades.
Two stocks I would consider holding forever are (NYSE: NKE) and CarMax (NYSE: KMX). These industry leaders are experiencing slowing growth due to macroeconomic headwinds that have sent their stocks down to low valuations, but this is the perfect opportunity to buy shares at fire-sale prices.
Nike and CarMax both trade around $100 or less, so an investor who doesn't have much money to invest should be able to buy a share of at least one of these stocks. Let's take a closer look at what is affecting these companies' performance and why these two stocks could be undervalued.
Source Fool.com
Nike Inc. B Stock
The stock is one of the favorites of our community with 46 Buy predictions and 3 Sell predictions.
With a target price of 115 € there is a positive potential of 30.76% for Nike Inc. B compared to the current price of 87.95 €.
