2 Top Stocks to Buy for the Long Haul
Investors can't go wrong putting their money in strong consumer brands. Despite 40-year-high inflation, PepsiCo (NASDAQ: PEP) and Visa (NYSE: V) have reported solid growth, which is reflected in their stock performance.
At the time of writing, PepsiCo shares are down less than 1% year-to-date, while Visa shares have fallen 7%. Both stocks have outperformed the 16% drop for the S&P 500 index over the same timeframe. It's a good reminder that you don't have to chase high-growth, risky stocks to beat the market.
While no business is completely recession-proof, PepsiCo and Visa are relatively safe investments with decent long-term growth prospects. Let's review the most important reasons to hold these stocks for the long haul.
Source Fool.com
