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10 Buy and Hold Stocks to Add to Your Portfolio in 2020

10 Buy and Hold Stocks to Add to Your PortfolioPosted on Thursday, March 12th, 2020 by MarketBeat Staff

“Set it and forget it” are words many investors don’t want to hear. Even the most venerable brokerage houses are encouraging their clients to actively trade so they can beat the market. Buy and hold is a relic, they say. It doesn’t reflect the reality of today.

In other words, “this time it’s different”.

As the ongoing volatility in the market shows you, it’s not different. It’s not even close to being different. The simple fact is that many active traders lose money by being too aggressive and too active for their own good.

And while it’s true that the market won’t always be this choppy, and certain stocks may be a great buy in months to come, right now investors are looking for safe harbors. One of the safest ways to invest is to find stocks that you can feel comfortable holding on to even in the worst of times. Frequently that can be because the stocks offer an attractive dividend. But sometimes, it’s also because they are in a market that is always in demand.

But that doesn’t mean you have to limit yourself to defensive stocks. You can find some quality buy-and-hold stocks that offer some attractive growth prospects.

#1 - AT&T (NYSE:T)

AT&T logo

AT&T (T) - If I were giving you a pure telecom play, I could probably find a different stock. But the reason to choose AT&T (NYSE:T) goes beyond the idea that the telecom space will always be in demand. It also extends past the breakthrough that’s happening in 5G. AT&T is about all that and more.

With the acquisition of Time Warner (NYSE:TWX) content, the company is emerging as a player in the streaming wars. And there is increasing evidence that viewers, instead of consolidating their streaming services continue to add to them. This puts AT&T in a sweet spot of being able to deliver a whole home experience that includes mobile, wireless, and potentially their entertainment as well.

The company does face a few headwinds in relation to its partnership with DirecTV. Specifically, whether DirecTV will lose its exclusive rights to the NFL Sunday Ticket, which is a primary driver of that service. But any impact from that is over a year away and in the meantime, you can be invested in a stock that has a dividend yield currently above 6% and approximately $50 billion in the bank.

About AT&T
AT&T Inc. provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers. This segment also sells handsets, wirelessly enabled computers, and wireless data cards manufactured by various suppliers for use with company's voice and data services, as well as various accessories, such as carrying cases and hands-free devices through the company-owned stores, agents, and third-party retail stores. The WarnerMedia segment primarily produces, distributes, and licenses television programming and feature films; distributes home entertainment products in physical and digital formats; and produces and distributes mobile and console games, and consumer products, as well as offers brand licensing services. It also operates cable networks, multichannel premium pay television, and over-the-top services; and digital media properties. The Latin America segment offers video entertainment and audio programming services under the DIRECTV and SKY brands primarily to residential customers; pay-TV services, including HD sports video content; and postpaid and prepaid wireless services under the AT&T and Unefon brands, as well as sells various handsets through company-owned stores, agents, and third-party retail stores. The Xandr segment provides digital advertising services. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in November 2005. AT&T Inc. was founded in 1983 and is based in Dallas, Texas.

Current Price: $29.84
Consensus Rating: Hold
Ratings Breakdown: 8 Buy Ratings, 13 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $38.92 (30.4% Upside)

#2 - Medtronic (NYSE:MDT)

Medtronic logo

Medtronic (NYSE:MDT) is both a health care company and a technology company. While that does make the company’s stock volatile, it also means that investors should expect stable, consistent demand for its products.

Medtronic’s goal is to be a leader in robotic surgery and surgery training solutions. To this end, the company bought Mazor Robotics a company out of Israel that provided robotic-assisted surgery (RAS) systems. Digital surgery will usher artificial intelligence (AI) into the surgery realm. But aside from this catalyst, there are other reasons to own MDT stock. They have a trailing free cash flow of over $6 billion, which means they have plenty of cash to deploy into research and development. Even with that said, the company has a deep pipeline of products and is expanding its reach beyond the United States. And the company is a dividend aristocrat, meaning that it has increased its dividend every year for at least 25 years.

About Medtronic
Medtronic plc develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide. It operates through four segments: Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group. The Cardiac and Vascular Group segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; AF ablation product; insertable cardiac monitor systems; mechanical circulatory support; TYRX products; and remote monitoring and patient-centered software. It also provides aortic valves; percutaneous coronary intervention stents, surgical valve replacement and repair products, endovascular stent grafts, percutaneous angioplasty balloons, and products to treat superficial venous diseases in the lower extremities. The Minimally Invasive Therapies Group segment offers surgical products, including surgical stapling devices, vessel sealing instruments, wound closure, electrosurgery products, hernia mechanical devices, mesh implants, and gynecology products; hardware instruments and mesh fixation device; and gastrointestinal, inhalation therapy, and renal care solutions. The Restorative Therapies Group segment offers products for spinal surgeons, neurosurgeons, neurologists, pain management specialists, anesthesiologists, orthopedic surgeons, urologists, colorectal surgeons, urogynecologists, interventional radiologists, and ear, nose, and throat specialists; and systems that incorporate energy surgical instruments. It also provides image-guided surgery and intra-operative imaging systems; and therapies for vasculature in and around the brain. The Diabetes Group segment offers insulin pumps and consumables, continuous glucose monitoring systems, and therapy management software. The company was founded in 1949 and is headquartered in Dublin, Ireland.

Current Price: $89.89
Consensus Rating: Buy
Ratings Breakdown: 22 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $119.62 (33.1% Upside)

#3 - 3M (NYSE:MMM)

3M logo

3M (MMM) At the J.P. Morgan (NYSE:JPM) Industrials conference on March 10, 3M (NYSE:MMM) CEO Mike Roman estimated that the company’s potential revenue for respiratory products related to the coronavirus outbreak could be around $250 million.

While that should provide a boost to the company’s top line numbers heading into a quarter that is going to be brutal for most companies. But that’s not the reason why I like 3M. The reason I find 3M appealing is that the company is sort of a contrarian. Where other companies are becoming hyper-niche focused, 3M maintains a broad reach into other sectors beyond health care.

One of those sectors is manufacturing. That sector’s recovery is being delayed due to the voluntary and (perhaps mandatory) quarantines that will keep down production. But, at this time, manufacturing is expected to have a strong push later this year and into 2021.

And like many stocks on this list, 3M is a dividend aristocrat. It has a very attractive dividend yield of just under 4% (3.99 as of this writing) and has increased its dividend every year for the past 42 years.

About 3M
3M Company operates as a technology company worldwide. The company's Industrial segment offers tapes, abrasives, adhesives, ceramics, sealants, specialty materials, purification products, closure systems, acoustic systems products, automotive components, abrasion-resistant films, and paint finishing and detailing products. Its Safety and Graphics segment provides personal protection and transportation safety products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules, fall protection products, self-contained breathing apparatus systems, and gas and flame detection instruments. The company's Health Care segment offers medical and surgical supplies, skin health and infection prevention products, drug delivery and health information systems, dental and orthodontic products, and food safety products. Its Electronics and Energy segment provides optical films, packaging and interconnection devices, insulating and splicing solutions, touch screens and monitors, renewable energy component solutions, and infrastructure protection products. The company's Consumer segment offers consumer and office tapes and adhesives, repositionable notes, indexing systems, home improvement products, furnace filters, painter tapes, mounting and home care products, sponges, scouring pads, high-performance clothes, protective material products, and adhesive bandages and braces. It also provides cloud-based, conversational artificial intelligence-powered systems. It serves automotive, electronics and automotive electrification, appliance, paper and printing, packaging, food and beverage, construction, medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, food manufacturing and testing, consumer and office retail, office business to business, home improvement, drug and pharmacy retail, and other markets. The company was founded in 1902 and is headquartered in St. Paul, Minnesota.

Current Price: $133.24
Consensus Rating: Hold
Ratings Breakdown: 1 Buy Ratings, 9 Hold Ratings, 2 Sell Ratings.
Consensus Price Target: $170.67 (28.1% Upside)

#4 - Walmart (NYSE:WMT)

Walmart logo

Seeing Walmart (NYSE:WMT) on this list may make you wonder what, no Amazon (NASDAQ:AMZN)? Amazon is certainly a company for you to consider for growth. But if you’re looking for a steady Eddie to guide you to, and through, your retirement years, Walmart may be a better, and cheaper, play.

Simply put, Amazon has a market cap about 2.5 times what Walmart has. However its stock price is more than 10 times that of Walmart and the latter offers a dividend. Walmart has been no slouch when it comes to growth either. The stock is up nearly 40% in the last five years.

The company is an example of how traditional brick-and-mortar retailers can compete against Amazon. Rather than concede the digital space to Amazon, Walmart made investments in their online space. And with the emergence of order online, pickup at store or even have it delivered to you, they are winning customers.

And for investors looking for shining stars in what looks to be an impending bear market, you can look at Walmart. The company’s stock was among the least affected during the country’s last recession which occurred in 2008-2009. The company is also a dividend aristocrat that has increased its dividend for the last 45 consecutive years.

About Walmart
Walmart Inc. engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications. The company offers grocery products, including meat, produce, natural and organics, deli and bakery, dairy, frozen foods, alcoholic and nonalcoholic beverages, floral and dry grocery, as well as consumables, such as health and beauty aids, baby products, household chemicals, paper goods, and pet supplies; and health and wellness products. It also provides electronics, cameras and supplies, photo processing services, wireless, movies, music, video games, and books; stationery, automotive, hardware and paint, sporting goods, and outdoor living and horticulture; apparel for women, girls, men, boys, and infants, as well as shoes, jewelry, and accessories; and home furnishings, housewares and small appliances, bedding, home decor, toys, fabrics, crafts, and seasonal merchandise, as well as brand name merchandise. In addition, the company offers fuel and financial services and related products, including money orders, prepaid cards, wire and money transfers, check cashing, and bill payment. It operates approximately 11,300 stores and various e-commerce Websites under the 58 banners in 27 countries. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.

Current Price: $109.58
Consensus Rating: Buy
Ratings Breakdown: 22 Buy Ratings, 8 Hold Ratings, 2 Sell Ratings.
Consensus Price Target: $125.24 (14.3% Upside)

#5 - Alphabet (NASDAQ:GOOGL)

Alphabet logo

Alphabet (NASDAQ:GOOGL) is not a dividend darling. But the company continues to build shareholders equity. In the summer of 2019, Alphabet announced plans to buy back $25 million of stock. For some analysts, this was a step in the right direction for a company they have been critical of for focusing too much on stock-based compensation for its employees and not enough on its shareholders.

But maybe this is a preview of things to come. Alphabet for sure is looking towards the future. Many analysts are concerned about the possibility of the company coming under regulatory fire. This, in turn, is causing speculation that the company could start seeing declining ad revenue from internet search.

That, however, is a battle for another day. What makes Alphabet compelling is that they are pivoting into areas such as artificial intelligence and cloud computing. In fact, the company is forecasting much of its future growth to come from three AI initiatives: mobile assistants, health care, and driverless cars.

About Alphabet
Alphabet Inc., through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality. This segment also offers digital content, enterprise cloud services, and hardware products, as well as other miscellaneous products and services. The Other Bets segment includes businesses, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo, and X, as well as fiber Internet and Television services. Alphabet Inc. was founded in 1998 and is headquartered in Mountain View, California.

Current Price: $1,110.26
Consensus Rating: Buy
Ratings Breakdown: 39 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $1,515.55 (36.5% Upside)

#6 - Apple (NASDAQ:AAPL)

Apple logo

Apple is another company that does not issue a dividend, but is very worthy of being on this list. I’ve been bullish on Apple (NASDAQ:AAPL) for some time. To put it mildly, I love the company’s products. But that’s not the reason to buy the stock. It’s the fact that other people millions of others also like Apple products. The company’s Air Pods alone were one of the hottest gifts this past holiday season.

The company is expecting to see robust demand for 5G iPhones which are due out later this year. And this comes after Apple had stronger than expected demand for its Series 11 iPhones. Plus, the company continues to see growth in its Services business. This is giving the company a more diverse revenue stream.

To be sure, the company is one that has its supply chain affected by the Covid-19 virus. Despite assurances by CEO Tim Cook that the company will have product available, that remains to be seen. But this is about the long term. And Apple has been confounding its critics for years.  This is a company with a proven track record, solid sales in the present, and a future that continues to look bright.

About Apple
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories. It also provides digital content stores and streaming services; AppleCare support services; and iCloud, a cloud service, which stores music, photos, contacts, calendars, mail, documents, and others. In addition, the company offers various service, such as Apple Arcade, a game subscription service; Apple Card, a co-branded credit card; Apple News+, a subscription news and magazine service; and Apple Pay, a cashless payment service, as well as licenses its intellectual property, and provides other related services. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It sells and delivers third-party applications for its products through the App Store, Mac App Store, and Watch App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1977 and is headquartered in Cupertino, California.

Current Price: $247.74
Consensus Rating: Buy
Ratings Breakdown: 29 Buy Ratings, 10 Hold Ratings, 3 Sell Ratings.
Consensus Price Target: $301.33 (21.6% Upside)

#7 - Southern (NYSE:SO)

Southern logo

Southern (SO) Maybe you’re a more traditional buy-and-hold investor. If so Southern (NYSE:SO) is an ideal stock for your portfolio. Southern has increased its dividend for the last 18 consecutive years and has increased its dividend an average of 2.54% over the last three years. But the company has been growing something else for the last three years, profit. SO has averaged an 18% gain in the stock over the last three years.

Utilities aren’t the most glamorous of stocks, but they have the advantage of having regional monopolies. This means while they have razor thin margins, they have pricing power.

Southern Company operates primarily in the south, but does have a reach in other regions. Even though analysts are somewhat sour on the company’s 12-month outlook, they have a price target that, with the recent correction suggests a near 10% upside. But with utility stocks, any growth you get is the cherry on top of the sundae. Southern has a solid dividend that’s backed up by a predictable revenue stream.

About Southern
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations. It owns and/or operates 33 hydroelectric generating stations, 26 fossil fuel generating stations, 3 nuclear generating stations, 13 combined cycle/cogeneration stations, 40 solar facilities, 9 wind facilities, and 1 biomass facility; and constructs, operates, and maintains 75,200 miles of natural gas pipelines and 14 storage facilities with total capacity of 158 Bcf to provide natural gas to residential, commercial, and industrial customers. The company serves approximately 9 million electric and gas utility customers. It also provides products and services in the areas of distributed generation infrastructure, energy efficiency, and utility infrastructure. In addition, the company offers digital wireless communications services with various communication options, including push to talk, cellular service, text messaging, wireless Internet access, and wireless data. The Southern Company was founded in 1945 and is headquartered in Atlanta, Georgia.

Current Price: $56.01
Consensus Rating: Hold
Ratings Breakdown: 1 Buy Ratings, 10 Hold Ratings, 3 Sell Ratings.
Consensus Price Target: $62.21 (11.1% Upside)

#8 - Johnson & Johnson (NYSE:JNJ)

Johnson & Johnson logo

To get excited about Johnson & Johnson (NYSE:JNJ) stock you have to look away from the short term news. Over the last two years, two major lawsuits have made the company’s stock more volatile than usual. However, the company has been resilient. First, the company recently posted a solid earnings report that calmed investors. And second, the company is one of several companies on the forefront of the ongoing race to develop a vaccine for the Covid-19 virus (aka: coronavirus).

Over the last five years, the company’s stock is up over 35%. And remember, this is a presentation about stocks you can buy and hold for a long time, so you’re looking for proven performance over time. You’re also looking for value. Brand Finance ranked Johnson & Johnson as the most valuable pharma company for 2020. The company is currently worth $10.9 billion.

And if the company provides a nice dividend as a bonus, that’s even better. Johnson & Johnson is a Dividend King, which means they have a 50 year history of increasing its dividend. Prior to 2020, the company had increased its dividend for 57 years and counting. 

About Johnson & Johnson
Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates in three segments: Consumer, Pharmaceutical, and Medical Devices. The Consumer segment offers baby care products under the JOHNSON'S brand; oral care products under the LISTERINE brand; beauty products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON'S Adult, LE PETITE MARSEILLAIS, NEUTROGENA, and OGX brands; over-the-counter medicines, including acetaminophen products under the TYLENOL brand; cold, flu, and allergy products under the SUDAFED brand; allergy products under the BENADRYL and ZYRTEC brands; ibuprofen products under the MOTRIN IB brand; and acid reflux products under the PEPCID brand. This segment also provides women's health products, such as sanitary pads and tampons under the STAYFREE, CAREFREE, and o.b. brands; wound care products comprising adhesive bandages under the BAND-AID brand; and first aid products under the NEOSPORIN brand. The Pharmaceutical segment offers products in various therapeutic areas, including immunology, infectious diseases, neuroscience, oncology, pulmonary hypertension, and cardiovascular and metabolic diseases. The Medical Devices segment provides orthopedic products; general surgery, biosurgical, endomechanical, and energy products; electrophysiology products to treat cardiovascular diseases; sterilization and disinfection products to reduce surgical infection; diabetes care products; and vision care products, such as disposable contact lenses and ophthalmic products related to cataract and laser refractive surgery. The company markets its products to general public, and retail outlets and distributors, as well as distributes directly to wholesalers, hospitals, and health care professionals for prescription use. It has research and collaboration alliance with Morphic Therapeutic. The company was incorporated in 1887 and is based in New Brunswick, New Jersey.

Current Price: $123.16
Consensus Rating: Buy
Ratings Breakdown: 12 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $160.17 (30.0% Upside)

#9 - Colgate-Palmolive (NYSE:CL)

Colgate-Palmolive logo

There’s a reason why consumer staples stocks belong in every buy-and-hold portfolio. Companies such as Colgate-Palmolive (NYSE:CL) make products that consumers come back to again and again, regardless of the market. And with brand names like Colgate and Palmolive, CL has the advantage of brand loyalty. That’s nothing to brush aside too quickly in this market.

The last few years have been uneven in terms of growth. In fact, with the recent market volatility, the company is slightly negative for the last three years as of this writing. One explanation for this is the company got a little sloppy in how it spent its cash. Analysts and investors were not too pleased with the company’s margins. But that appears to be changing.

If you’re not invested in Colgate-Palmolive, now may be the time. According to reports hedge funds have never been so bullish on the stock and many have opened up long positions on the stock. That means institutional investors like the company’s future prospects. 

About Colgate-Palmolive
Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. It offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; and personal care products, such as liquid hand soaps, bar soaps, shower gels, deodorants and antiperspirants, skin care products, and shampoos and conditioners. The company also provides home care products comprising dishwashing detergents, household cleaners, and fabric conditioners; pet nutrition products for everyday nutritional needs; and a range of therapeutic products to manage disease conditions in dogs and cats. Its principal global and regional trademarks include Colgate, Palmolive, elmex, Tom's of Maine, Sorriso, Speed Stick, Lady Speed Stick, Softsoap, Irish Spring, Protex, Sanex, Elta MD, PCA Skin, Ajax, Axion, Fabuloso, Soupline, and Suavitel, as well as Hill's Science Diet and Hill's Prescription Diet. The company markets and sells its oral, personal, and home care products to various retailers, wholesalers, and distributors; and pet nutrition products for dogs and cats through pet supply retailers, veterinarians, and e-commerce retailers. Colgate-Palmolive Company was founded in 1806 and is headquartered in New York, New York.

Current Price: $65.26
Consensus Rating: Buy
Ratings Breakdown: 10 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $75.20 (15.2% Upside)

#10 - Republic Services (NYSE:RSG)

Republic Services logo

The two biggest names in waste management are Republic Services (NYSE:RSG) and Waste Management (NYSE:WM). Arguably, Waste Management may be the better-known name. However, over the last few years Republic has outperformed Waste Management, and the stock has done slightly better as well. Honestly, picking one over the other is more like saying you prefer chocolate ice cream more than vanilla. They’re both good, it can be just a preference.

Although Republic Services is not a utility, they provide a service that is always needed. This means there will always be a high demand for its services. And while they have to compete for business in many markets, often with Waste Management, there’s little doubt that the buy is big enough for both companies.

Republic does have a juicy dividend in its favor. Although the company only has a yield of 1.80%, it is increasing its dividend at an average pace of 6.80% over the last three years. 

About Republic Services
Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors. It is also involved in the processing and sale of old corrugated containers, old newsprint, aluminum, glass, and other materials; temporary waste and recycling collection services; and provision of landfill services. As of December 31, 2018, the company operated through 349 collection operations, 207 transfer stations, 190 active landfills, 91 recycling processing centers, and 11 salt water disposal wells, as well as 7 treatment, recovery, and disposal facilities in 41 states and Puerto Rico. It also operated 75 landfill gas-to-energy and renewable energy projects and had 129 closed landfills. The company was founded in 1996 and is headquartered in Phoenix, Arizona.

Current Price: $75.60
Consensus Rating: Buy
Ratings Breakdown: 7 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $98.91 (30.8% Upside)

We may look back on the coronavirus as an event that brought the word “security” back into investors’ minds. Stocks are certainly taking a beating, and if you’re hesitant to jump back in, that’s OK. However, the market will come back and when it does, the companies listed in this presentation will still be among the highest quality stocks you can own.

The thing about high-quality buy-and-hold stocks is that they provide a certain amount of peace of mind. In volatile market conditions, you’ll still have more ups and downs than you may like, and when the market is racing higher some, but not all, of these stocks, may not deliver market-beating growth. But remember, you’re buying these stocks for the long haul, not the short run.

The definition of buy-and-hold stocks may be changing, but remember the proof is in the performance. Over time, buy-and-hold stocks should not be leaving you anxiously monitoring every dip in the market. They should be the stock that you look at every five years and remember exactly why they fit your plan.

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