Long-term investors usually aim to buy stocks that can beat not only the S&P 500, but also the bear markets that tend to appear every few years. While investors should never "set it and forget it," they can often find stocks that have survived bear markets and emerged stronger when stocks recover.

Many of these stocks will deliver such returns by offering goods and services that stay in demand regardless of economic conditions. Two examples of this approach are Chipotle Mexican Grill (NYSE: CMG) and Broadcom (NASDAQ: AVGO).

Chipotle has successfully met a key customer demand that has eluded most of its competitors -- healthy fast food. It has built an international chain of more than 3,100 restaurants on the philosophy that real food is better for the planet and the customer. It does not serve food with artificial flavors, colors, or preservatives and bans the use of freezers and can openers.

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Source Fool.com