The Nasdaq Composite index saw some recovery so far in 2023, but it is down 19.1% over the past 52 weeks as it continues to get buffeted by macroeconomic headwinds. The current market downturn highlights the importance of focusing on stocks for solid companies and holding indefinitely. Doing so can help protect a portfolio from market fluctuations and temporary economic declines.

Apple (NASDAQ: AAPL), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and Walt Disney (NYSE: DIS) have each suffered double-digit percentage declines in their stock prices over the last 12 months. Yet they remain leaders in lucrative markets and generate consistent long-term growth, making them excellent stocks to buy in 2023 and hold forever. Let's take a closer look at these three stocks.

Apple shares have been a great long-term hold, with the company's stock up 202% in the last five years and 657% in the last decade. The global tech giant maintains a robust business, with some of the world's most in-demand products and almost unparalleled brand loyalty. These two characteristics are a big part of why investing luminary Warren Buffett dedicated nearly 38% of Berkshire Hathaway's investment portfolio to Apple stock.

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Source Fool.com