Putting your money into the right stocks can mean the difference between a comfortable retirement and having to keep working well into your golden years.
If you aren’t too keen on venturing out and looking at all the stocks available, there are some tried-and-true investment vehicles that have proven their worth over time. These are the top 10 best stocks to buy now if you want long-term gains.
Top 10 Best Stocks to Buy
1) PPG Industries, Inc. (PPG)
Founded in 1883, PPG is a leading supplier of paints, coatings, and fiberglass. Its holdings include brands such as Pittsburgh Paints and Stonhard. In addition to its paint business, PPG’s coatings segment provides plastics solutions for customers including T-Mobile and BMW.
Over in fiberglass, brands include Glasurit; Mapei; Asahi Glass Co.; Dryvit Systems; Saint Gobain Performance Plastics, and others. Taken together, that’s a big portfolio – with two distinct strengths. The first: is a portfolio of long-standing brands with powerful recognition in their respective markets. For example: when was the last time you didn’t know what Coca-Cola (KO) or Apple (AAPL) was?
2) Duke Energy Corporation (DUK)
Based in Charlotte, North Carolina, Duke Energy (NYSE: DUK) is a leading U.S. power company with over $50 billion in assets and 2013 revenues of more than $24 billion. The company provides electricity service to approximately 7 million customers located in six states – North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky.
Its regulated electric operating utilities are distributed among Carolinas Power & Light Company (CPL), Duke Energy Progress, Duke Energy Florida, and Duke Energy Kentucky.
3) Infosys Limited (INFY)
Launched in 1981, Infosys is an Indian multinational corporation that offers technology, consulting, and business process outsourcing services. It has two wholly owned subsidiaries: Infosys Consulting Private Limited and EdgeVerve Systems.
The former provides consulting, infrastructure management, and business process services, while EdgeVerve Systems focuses on delivering software products and platforms for enterprises. As of September 30, 2016, it had 205 clients across 19 industries worldwide.
4) GlaxoSmithKline plc (GSK)
is a major British pharmaceutical company headquartered in Brentford, London? It is one of the largest pharmaceutical companies and operates in over 100 countries. The company was founded in 2000 by merging Glaxo Wellcome plc and SmithKline Beecham plc, both constituents of the FTSE 100 Index.
It had a market capitalization of approximately £45 billion as of 4 November 2011, making it one of Britain’s largest listed companies as well as one of its most valuable companies.
5) Target Corporation (TGT)
Target Corporation, together with its subsidiaries, operates as a general merchandise retailer in various formats worldwide. The company operates in three segments: U.S. Retail, International and Corporate, and Other.
Its brands include Target, City Creek Center, CVS Pharmacy, Simply Balanced, and Up & Up. The company was founded by George Dayton on May 1, 1902, and is headquartered in Minneapolis, MN. (See Full Profile)
6) Northern Trust Corporation (NTRS)
Northern Trust is a leading provider of financial services, including asset management, banking, trust, and investment services. Headquartered in Chicago, Northern Trust has offices across 19 states and Washington, D.C., and assets under custody of $1.7 trillion as of March 31, 2016.
The company has no debt or cash reserves on its balance sheet; instead, it relies on readily available deposits from customers to fund its day-to-day operations – a testament to its business model’s success.
7) The Walt Disney Company (DIS)
Disney’s dominance in its core market has given it a nearly unassailable competitive position, which has been enhanced by recent movie successes including Star Wars: The Force Awakens. Its media networks segment is performing particularly well due to solid ad sales, and Parks and Resorts saw a 6% increase in attendance year over year as customers took advantage of lower prices on admission tickets.
The company will continue to gain from an uptick in tourism and more growth opportunities emerging out of its planned Shanghai theme park.
8) Johnson & Johnson (JNJ)
Founded in 1886, Johnson & Johnson is a multinational health care company that develops pharmaceuticals and medical devices. In addition to its wide array of consumer goods (Tylenol, Band-Aids, baby shampoo), J&J also offers life science companies access to its distribution network and research tools. The stock has a trailing P/E ratio of 13.6 and has gained 12% over one year.
9) BlackRock, Inc. (BLK)
BlackRock is an investment management firm specializing in credit, equities, and alternatives. The company manages assets in both active and passive strategies for institutional investors, high net worth individuals, financial advisers, and retail investors. BLK sports a Zacks Rank #2 (Buy) heading into earnings. Earnings growth is expected to be 21.7% over 2016’s level.
10) Sanofi S.A. ADR (SNY.US, BNY.US and SANEF.US)
SANEF is a French multinational pharmaceutical company headquartered in Gentilly, France, as of 2010 it was ranked by Forbes as fifth largest pharmaceutical company in the world.
In 2011 Sanofi-Aventis became a subsidiary of Sanofi S.A.. With sales of over $43 billion (as of 2011), Sanofi is one of only five companies that are included in both the Fortune Global 500 and Euro Stoxx 50 stock market indices. Source: Wikipedia