Got $3,000? Here Are 3 Stocks to Buy and Hold Long Term
You may hesitate to invest, say, $3,000 with a buy-and-hold strategy as a result of the huge coronavirus-induced uncertainties many companies are facing. However, some stocks should do well over the long term no matter how the coronavirus pandemic pans out.
In particular, you should consider Cisco Systems (NASDAQ: CSCO), International Business Machines (NYSE: IBM), and Check Point Software (NASDAQ: CHKP). Here's why.
The secular increase in networking traffic should support the demand for Cisco's core networking business over the next several years. But the company posted its fourth consecutive quarter with a year-over-year revenue decline -- down 9% to $11.9 billion -- earlier this month, partly because of the intensifying competition from innovative cloud networking specialists such as Arista Networks.
Source Fool.com
