If you are going to commit to holding a stock for a long time, then it's a good idea to invest in companies with a secure recurring revenue stream -- that's where dividend aristocrats Ecolab (NYSE: ECL) and Pentair (NYSE: PNR) come in. The third option, Hormel Foods (NYSE: HRL), is a conservatively run company operating in very stable end markets. All three face some near-term pressure due to the COVID-19 pandemic, but if you can look beyond that, they are attractive for long-term holders. Here's why.
We already know that clean water and pool equipment company Pentair faces headwinds in 2020 because management has already withdrawn its first-quarter and full-year earnings guidance due to "suspensions of operations in several facilities due to COVID-19" and the possibility of further disruptions in the future.
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