3 Stocks You Can Keep Forever
2020 may have made some investors think twice, since even great companies lost a lot of their stock value in the March crash. But investors who held on to their shares are now reaping the benefits as the broader market has surged. Investing for the long term means holding onto your seat and riding out the volatility that is bound to happen from time to time -- as long as you own shares in great companies. Target (NYSE: TGT), PepsiCo (NASDAQ: PEP), and Starbucks (NASDAQ: SBUX) are all companies that should perform well in the long term and that you can hold forever.
Target was one of the biggest winners of pandemic shopping, with its highest-ever comps increases. It was poised for success with its large suite of same-day services that were popular even before the pandemic but became essential as people stayed home. Second-quarter comps, which covered the worst parts of lockdown, came in at 24%, and third-quarter comps came in slightly less at 20%. Much of the country was already open during the third quarter and customers were eager to start spending on items other than essentials. Digital was still flying high, growing 155%, and same-day services continued to surge 217%.
Image source: Target.
Source Fool.com
