Ideal for Long-Term Investment: Stocks offering current purchasing options for investors
"Score some long-term wins with these stocks!"
Every investment enthusiast fantasizes about snagging a stock, holding onto it, and watching it soar. In years past, such stocks could be found within the BÖRSE ONLINE Stocks for Eternity Index.
However, life often throws a curveball, and even these "buy-and-hold forever" stocks might face a temporary setback due to market fluctuations, creating a perfect buying opportunity for savvy investors.
Stocks to Invest in Now:
Such a moment seems to have presented itself with these three lucrative prospects. Here's why you should give them a second glance:
Buy-and-hold: Newmont Mining
Newmont Mining, a gold mining giant, has been feeling the heat after some disappointing results. It has yet to fully capitalize on the precious metals surge in 2024.
Despite the obstacles, Newmont boasts a P/E ratio of 1.5, representing a 19% discount compared to its five-year average. This significant drop in price may make it an attractive prospect for bold investors.
Buy-and-hold: LVMH
Remarkably, LVMH reveals an even steeper discount of 29% in terms of its five-year average P/E ratio. The luxury goods conglomerate has faced tough times due to reduced consumer spending.
Still, given its dominant position in the luxury market and the diversity of its brand portfolio, LVMH remains an intriguing option, particularly at these reduced rates.
Buy-and-hold: McCormick
Lastly, McCormick, a leading player in the global spices and flavorings market, shows promising potential as well. Its lackluster performance in recent times is due mostly to operational challenges.
Currently, McCormick is sporting a 13% discount in its five-year average P/E ratio. If the company has successfully navigated the internal hurdles, a potential purchase opportunity might be at hand.
Investors may wish to explore the following articles for additional insights:
- Grab these stocks before they slip away from you! Top bargain picks for December
- Time to jump in? Market hints at these stocks' imminent price surge
Conflict of interest disclaimer: The financial instrument pricing is based on an index used as the underlying. Börsenmedien AG developed this index and retains the rights to it. Börsenmedien AG has signed a cooperation agreement with the securities issuer, granting the issuer a license to use the index. In this partnership, Börsenmedien AG receives compensation from the issuer.
Investors might consider Newmont Mining, LVMH, and McCormick as potential buy-and-hold investments due to their current discounts in their P/E ratios, offering opportunities for those looking for long-term gains in the stock-market and finance industries. These companies - a gold mining giant, a luxury goods conglomerate, and a global spices and flavorings market leader -are facing temporary setbacks and may be intriguing options for investors seeking bargain picks.
