2 Stocks You Can Keep Forever
While traders buy and sell all the time, investors buy and hold. And hold for a very long time, often following Warren Buffett's advice that his favorite holding period is "forever." Finding stocks you can keep for the infinitely long term, though, requires finding a very special type of company, one that can roll with the punches while still rewarding its shareholders. Here are two stocks that I think fit the bill: Eaton Corp (NYSE: ETN) and Emerson Electric (NYSE: EMR).
Eaton, a stock I own, is focused on power management. About 60% of its business is tied to electrical markets via its electrical products and electrical systems and services businesses. The remaining 40% (or so) is spread between hydraulics, aerospace, and vehicles. Ensuring that we use power in the most efficient way is a focus that's unlikely to go out of style anytime soon. In fact, I expect it will become increasingly important.
Image source: Getty Images.
Source: Fool.com
Eaton Corp. Stock
We see a rather positive sentiment for Eaton Corp. with 16 Buy predictions and 2 Sell predictions.
With a target price of 304 € there is a slightly positive potential of 13.43% for Eaton Corp. compared to the current price of 268.0 €.
