2 Beaten-Down Dividend Stocks to Buy and Hold For 10 Years
Equities never follow a flawless, unimpeded upward path. Sometimes, even the strongest companies will encounter issues that will sink their stock prices. That's OK. The key to earning great returns over five years or more is sticking with those longtime winners, even when they aren't exactly winning. Doing so will be worth it in the end.
Let's look at two stocks that haven't been able to keep up with the rising stock market over the past few years: CVS Health (NYSE: CVS) and Gilead Sciences (NASDAQ: GILD). Despite their issues, these two healthcare giants are excellent picks, particularly for dividend investors.
CVS Health is not living up to expectations. Financial results have been disappointing in the past 18 months, partly due to lower revenue from COVID-19 vaccines. Still, even beyond that, CVS Health has revised its guidance downward multiple times. Investors tend to be a bit spooked when a company does this once. CVS Health revising its own internal projections on several occasions sends a bad signal.
Source Fool.com
