This earnings season, multiple companies have reported quarters burdened by economic headwinds, low consumer demand, and foreign exchange challenges. But these temporary obstacles present a buying opportunity for stocks with excellent long-term outlooks.

Market declines over the last year highlight the importance of investing in stocks that will likely soar over five-plus years. Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), and Warner Bros. Discovery (NASDAQ: WBD) had to contend with a variety of challenges over the last year, but remain no-brainer buys. Here's why.

On Feb. 2, Apple posted its first-quarter 2023 earnings, reporting its first year-over-year sales decline since 2019. Revenue in the quarter fell 5.5% year over year to $117.15 billion, while operating income tumbled 13% to $36 billion.

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Source Fool.com