Got $5,000? 3 Stocks to Hold for the Next 20 Years
Committing to buying and holding a stock for 20 years is no easy task. If you do it, you need to make sure the company will still be around then. As such, it makes sense to buy large companies with significant market positions and excellent long-term growth prospects; companies like United Parcel Service (NYSE: UPS), aerospace giant Raytheon Technologies (NYSE: RTX), and Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).
The package delivery giant is benefiting from surging e-commerce volumes and starting to convince investors that it can generate volume growth and margin expansion at the same time. That's a great recipe for long-term earnings growth.
There are three reasons to feel optimistic about the stock in the near and long terms. First, UPS looks well on its way to hitting the 2023 targets laid out in its investor day presentation in June. For example, the key to its overall margin expansion plan is to increase U.S. domestic package margin to a range of 10.5% to 12% in 2023, but management is already forecasting 10.5% in 2021.
Source Fool.com
