2 Stocks You Can Keep Forever
While traders buy and sell all the time, investors buy and hold. And hold for a very long time, often following Warren Buffett's advice that his favorite holding period is "forever." Finding stocks you can keep for the infinitely long term, though, requires finding a very special type of company, one that can roll with the punches while still rewarding its shareholders. Here are two stocks that I think fit the bill: Eaton Corp (NYSE: ETN) and Emerson Electric (NYSE: EMR).
Eaton, a stock I own, is focused on power management. About 60% of its business is tied to electrical markets via its electrical products and electrical systems and services businesses. The remaining 40% (or so) is spread between hydraulics, aerospace, and vehicles. Ensuring that we use power in the most efficient way is a focus that's unlikely to go out of style anytime soon. In fact, I expect it will become increasingly important.
Image source: Getty Images.
Source: Fool.com
Eaton Corp. Stock
With 29 Buy predictions and not a single Sell prediction Eaton Corp. is an absolute favorite of our community.
However, we have a potential of -2.86% for Eaton Corp. as the target price of 377 € is below the current price of 388.1 €.
