In this article we will take a look at the 5 safe stocks to invest in for the long term. For a detailed analysis of the industry, go directly to 10 Safe Stocks To Invest in For Long Term.
5. NIKE, Inc. (NYSE: NKE)
NIKE, Inc. (NYSE: NKE) is an Oregon-based company that is involved in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. NIKE also makes sportswear designed for kids, and for other athletic uses. The company was previously known as Blue Ribbon Sports and changed its name to NIKE in 1971. It was founded in 1964 and is placed fifth on our list of 10 safe stocks to invest in for the long term.
The firm has a market cap of more than $200 billion and posted more than $37 billion in annual revenue in May 2020, down from $39 billion the previous year. Earlier this month, the company announced that it would start selling refurbished sneakers as part of a program to eventually reach markets overseas. On April 7, investment bank UBS picked NIKE as one of its top picks for the quarter, maintaining a Buy rating on the Oregon firm on the back of positive outlook for the retail sector as the economy reopened following a difficult 2020.
4. The Procter & Gamble Company (NYSE: PG)
The Procter & Gamble Company (NYSE: PG) is an Ohio-based multinational consumer goods company. It has stakes in the beauty, grooming, health care, fabric and home care sectors. The firm has operations in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. The products that the firm offers include conditioners, shampoos, styling aids, and deodorants, as well countless others. It sells these items through mass merchandising, e-commerce, and wholesalers. The firm was founded in 1837 and is placed fourth on our list of 10 safe stocks to invest in for the long term.
It has a market cap of more than $333 billion and posted more than $70 billion in annual revenue in June 2020, up from $67 billion in the previous year. Earlier this week, the company increased its dividends by 10% to $0.87 per share. Last month, top investment bank Morgan Stanley had picked Procter & Gamble as one of its top picks for the year on the back of the earnings per share growth of the company that had beaten peers in the personal care sector. Morgan Stanley also noted the growth of the baby care products of the Ohio-based firm.
3. Visa Inc. (NYSE: V)
Visa Inc. (NYSE: V) is a Francisco-based financial services company that makes it easier to transfer money electronically, mostly through Visa credit cards, debit cards and prepaid cards. The scale of Visa’s operations can be judged by a 2015 report that found that the firm had facilitated more than 100 billion transactions worth more than $6.5 trillion around the world in 2014. Since then, the company has grown and expanded into other sectors, including digital currencies. Visa is third on the list of 10 safe stocks to invest in for the long term.
It has a market cap of over $470 billion and posted an annual revenue of more than $21 billion in September 2020, down from nearly $23 billion in the previous year. Last month, the firm announced that it was expanding the Visa Direct Payouts service which allows customers to use a single point of connection to push payments in order to make them easier. Bill Sheley, a senior executive at the firm, said that the new payment system would facilitate digital transactions and underlined the innovative approach of Visa to changing consumer behavior.
2. Merck & Co., Inc. (NYSE: MRK)
Merck & Co., Inc. (NYSE: MRK) is an American national pharma firm that produces medicines, vaccines, biologic therapies and animal healthcare products. The firm is most famous for selling Keytruda, the top immunology drug that is used to treat cancer patients. The firm has recently also joined the World Health Organization in recommending against the use of generic anti-parasite drugs to treat coronavirus patients. It is placed second on our list of 10 safe stocks to invest in for the long term.
The market value of the firm is well in excess of $200 billion and the firm has an annual revenue of close to $50 billion. The cancer drug that the company manufactures was alone responsible for at least $11 billion in sales last year. Last month, the firm invested close to $30 million in equipping a single-use production facility at its Science Centre in France. Earlier this month, it also completed the $1.8 billion takeover of drug maker Pandion Therapeutics.
1. Berkshire Hathaway Inc. (NYSE: BRK-B)
Berkshire Hathaway Inc.(NYSE: BRK-B) is a Nebraska-based holdings company that owns several large businesses in the United States and also has minority stakes in many of the biggest corporations of the world. It was founded by Oliver Chace in 1839. The firm is the eighth largest publicly traded company globally. The firm is also popular because it is controlled by American business tycoon Warren Buffet. The investor is famous for making long-term investments that return handsome profits.
The holdings company has a market cap of more than $611 billion and posted more than $245 billion in revenue in December 2020. The share prices of the company have increased more than 12% over the six months. Earlier this month, the firm announced that it would be offering yen-denominated bonds in multiple tranches and use the earnings for general company purposes. The bonds issued would not be listed on any securities exchange, the firm added.
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