Stock Market Dip? 3 Companies to Buy and Hold for the Long Term
On the back of a global pandemic, rising inflation, and the efforts to get that inflation under control, the stock market has responded by selling off considerably in 2022. The Nasdaq Composite has fallen about 26% year to date, while the S&P 500 lost 18% of its value over the same period. Just about every industry has been affected to some degree, but often for quite different reasons.
While a dip in the stock market has given many a desire to cut and run, long-term investors know that the beaten-down stocks of reliable companies won't stay down forever. They also know that a market dip offers a great chance for patient investors to buy stocks at bargain prices so they can reap the rewards later.
Let's take a look at three reliable stocks trading at a discount that offer the potential for significant gains in the long term.
Source Fool.com
