2 Tried-and-True Dividend Stocks to Buy Now and Hold Forever
The stock market's trajectory has been closely following the latest economic indicators over the past few weeks. The S 500 rallied in reaction to the Federal Reserve's announcement that it would cut benchmark interest rates in 2024, but the index fell last week after the Fed qualified that by saying it might not make those cuts as rapidly as investors expect.
The mood on Wall Street is uncertain, and that makes this a good time to shore up your portfolio with some secure dividend stocks that are less susceptible to mood swings in the market. (NYSE: NKE) and Home Depot (NYSE: HD) are two incredible dividend stocks to buy now and hold for the long term.
One thing that well-respected investors like Warren Buffett frequently point out is that companies that own brands customers like are typically good investments. A business is only as good as the products it produces, and a company that can churn out popular products year after year is likely to be around for a long time and create solid returns for its shareholders.
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 34.1% for Nike Inc. B compared to the current price of 85.76 €.
