2 Top Stocks You Can Buy and Hold for the Next Decade
"Buy and hold" is a great axiom on Wall Street, but it can be harder to pull off than many investors expect. That's because human nature has a bad habit of giving in to the temptations of the market. But if you step back and focus on owning great companies that pay you to own them, then you increase your chances of sticking it out through good times and bad. ExxonMobil Corporation (NYSE: XOM) and Hormel Foods Corp (NYSE: HRL) are two companies that you can buy today at good prices and collect dividends while you hold them for at least the next decade.
Integrated energy giant ExxonMobil's shares have fallen about 8% this year. Many of its peers are actually up. That suggests that something is wrong at Exxon, which simply isn't true. The company continues to chug along just like it always has. The best example of that is the fact that its dividend was raised again in the second quarter. Its streak of annual increases is up to 35 years -- an incredible record given the highly volatile nature of the energy business.
Don't confuse the price of a stock with the value of what you're getting. Image source: Getty Images.
Source: Fool.com
Exxon Mobil Corp. Stock
With 33 Buy predictions and not a single Sell prediction Exxon Mobil Corp. is an absolute favorite of our community.
As a result the target price of 124 € shows a slightly positive potential of 14.75% compared to the current price of 108.06 € for Exxon Mobil Corp..
