3 Healthcare Stocks I'll Hold Forever
Fund managers who need to look busy might hate to admit it, but doing nothing is usually the best course of action for most investors. That doesn't mean it's a good idea to look the other way when a business you own is in trouble, but companies with durable advantages over their competitors tend to offer outsized returns in the long run.
Over the years, I've added shares of Medtronic plc (NYSE: MDT), Johnson & Johnson (NYSE: JNJ), and Omega Healthcare Investors Inc. (NYSE: OHI) to my personal holdings with the intention of holding them forever. Aging populations in the U.S. and beyond helped these three healthcare stocks deliver total returns that exceed the benchmark S&P 500's gains over the past 20 years. Here's why I think they'll continue doing so for the rest of my days.
No timing should be necessary for these forever stocks. Image source: Getty Images.
Source: Fool.com
Johnson & Johnson Stock
The stock is one of the favorites of our community with 31 Buy predictions and 1 Sell predictions.
With a target price of 196 € there is a positive potential of 41.29% for Johnson & Johnson compared to the current price of 138.72 €.
