Hello, Reader
The American billionaire J. Paul Getty once remarked that his formula for success was to “rise early, work hard, strike oil.”
But if you don’t strike oil, you need other ways to accumulate — and protect — your wealth.
So, while there is no perfect investment method, there is a way to allocate your assets intelligently. This will then help you set yourself up for the best chance at success.
Now, there are multiple facets to this strategy, but the one I want to focus on today is stocks to buy and hold forever. So, here are three stocks that I consider to be some of the best “Forever Stocks” out there.
Let’s get started…
Three “Forever Stocks”
Corning Inc. (GLW)
For more than 170 years, the Corning name has been synonymous with best-of-breed glass products. It has continuously innovated and set the industry standard for excellence.
Today, the company operates six different business segments – each of which is beginning to benefit from powerful tailwinds. The worldwide 5G buildout tops the list of tailwinds that are benefiting Corning’s largest segment, Optical Communications. That’s the one that provides optical fiber and related connectivity solutions to telcos, data centers, and other enterprises.
As the global 5G build-out proceeds, so too will demand for Corning’s fiber-optic cable and components. This substantial source of new demand could become shockingly large.
Looking further down the road, I expect the coming decade to reward Corning with a level of profitability that few investors anticipate today.
GE HealthCare Technologies Inc. (GEHC)
GE HealthCare is interesting – both for what it is already and what it could become.
As one of the oldest “new” healthcare stocks in the market, GE HealthCare is a blue-chip company with a formidable presence in the medical imaging industry.
The company operates in more than 160 countries. It sells medical equipment like CT scans, MRIs, X-rays, and ultrasound machines. It also sells service contracts on those machines.
From an investment perspective GE HealthCare is a two-part story. It is a solid, steadily growing medical imaging company that also includes considerable fast-growth potential from its AI product line and investments.
According to Grand View Research, artificial intelligence will become a key driver of medical device innovation over the coming decade. The research firm predicts the AI component of the healthcare market will skyrocket from $15.4 billion in annual sales last year to more than $200 billion in 2030. That’s a compound annual growth rate of 37.5%.
PayPal Holdings Inc. (PYPL)
PayPal is a titan of the digital payments industry.
During the last several years, the tally of active accounts on PayPal’s platform has swelled 63% to 435 million, while the annual volume of processed payments on its platform has doubled to a whopping $1.37 trillion.
PayPal’s dominant position in the “branded checkout” segment has powered most of that growth. The “PayPal/Venmo” checkout button you might see when shopping online is an example of that business. 80% of the top 1,500 retailers in North America and Europe feature PayPal in their digital wallets – which is nearly three times more than the No. 2 player, Apple Pay.
But PayPal is not taking its success for granted. The company is fortifying its market leadership by integrating leading-edge AI and machine-learning processes into key aspects of its operations. For example, the company uses AI to detect fraudulent transactions and to boost the approval rate of valid transactions.
I believe this company to be a leader in the financial technology world.
The Next Class of Leading Stocks
These three stocks are sure to fortify your portfolio in 2024 and beyond. You can read the full details of these companies – along with four additional investments to consider – in my free special report 7 Stocks to Buy and Hold Forever.
As much as I believe in the longevity of these stocks, there are stocks in another certain sector that I have been also keeping my eyes on recently… for a different reason.
Behind-the-scenes of the U.S. financial system, the world’s wealthiest are making one critical shift with their money before it’s too late: They are rushing for the exits and moving their money into “Next-Gen Stocks.”
You might be wondering, “What is a ‘Next-Gen Stock’?” Simply put, these are companies in a sector that the U.S. government spent a staggering $4.7 trillion on last year. This sector quite literally affects every single person in the world.
To learn more about “Next-Gen Stocks,” click here.
Regards,
Eric Fry
