2 Soaring Stocks to Hold for the Next 20 Years
Consistently buying shares of growing companies is a proven way to build lasting wealth in the stock market. The following companies would make great stocks to hold over the next few decades to protect and build wealth for a happy retirement.
Costco Wholesale (NASDAQ: COST) is a no-brainer stock to hold for the long term. The business operates on razor-thin margins, which keeps competitors at bay. Costco operates on such low margins that half of its operating profit is generated from its annual membership fees. This allows the company to sell a range of quality goods, including high-end jewelry, at discounted prices.
Costco does discount retail better than anyone, which is the main source of its competitive advantage. It only stocks items that it can sell quickly to keep inventory turnover up. This instills a loyal customer base, as noted by its 90%-plus membership renewal rates.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 156 Buy predictions and 17 Sell predictions.
With a target price of 226 € there is a slightly positive potential of 12.86% for Apple Inc. compared to the current price of 200.25 €.
