Buy the Dip: 3 Stocks to Buy Today and Hold for the Next 3 Years
The broader stock market has been weak of late, with the S&P 500 Index down around 10% so far this year. Also in negative territory are Cummins (NYSE: CMI), Omega Healthcare Investors (NYSE: OHI), and 3M (NYSE: MMM). But if you look over the past 12 months, each of these stocks is off by 25% or more versus a roughly flat showing for the S&P 500. Intrepid investors might want to dig in and make these stocks long-term holds.
Cummins is best known for making engines that run on carbon fuels like diesel and gasoline. It has a long history of success behind it, noting the company's 12-year streak of annual dividend increases. That makes it a Dividend Achiever. And its trailing 10-year dividend growth rate is an incredibly generous 15%.
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Source Fool.com
