It's not easy to find a stock that you have the conviction to hold over the long term. Economic cycles result in changes to the business landscape, while the recent pandemic has further altered human habits and practices. However, the crisis has also allowed investors to assess which companies have remained resilient throughout the downturn.
Some companies have even thrived despite the pandemic because their business models are geared toward a digital world. The online shift has been greatly accelerated and companies that could latch onto this trend witnessed healthy growth. A strong competitive moat, coupled with healthy fundamentals, lends further support as to why these businesses can thrive over years or even decades.
Here are three stocks that I can justify holding forever.
Source Fool.com