Got $3,000? Here Are 3 Stocks To Buy and Hold for the Long Term

With the stock market trading near record highs, finding long-term buys at reasonable prices can be difficult, if only because the risk of overpaying is so high.

In the event of an economic slowdown, you can expect to see falling earnings and falling price-to-earnings ratios. While investors can't really do much about multiple compression, they can look for companies that will continue to increase earnings regardless of the economic environment.

Here are three names that fit that latter category. 

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Source Fool.com