Got $5,000? Buy and Hold These 3 Market-Beating Stocks
The market has been moving in and out of bear territory over the past few months as investors assess conflicting signs about how the economy is doing. Inflation is still high, and many consumer goods companies have been raising prices to offset costs. It's not surprising that the market is declining under these conditions.
As a result, many excellent stocks have been tripped up by the shifting economic trends. But over time, they will come back. Amazon (NASDAQ: AMZN), Costco Wholesale (NASDAQ: COST), and Target (NYSE: TGT) are great companies that have beaten the market over time. So if you have $5,000 after paying off debts and setting aside an emergency fund, you should consider adding these stocks to your portfolio.
Amazon continues to dominate e-commerce domestically and expand its reach abroad. But although e-commerce remains its best-known business, its other businesses are growing at a fast clip. In a few years, the company may look very different from today.
Source Fool.com
