2023-04-16 10:15:00 ET
As most investors well know, there is no sure thing in the markets. But promising investments still abound. Three to consider now are AbbVie (NYSE: ABBV) , Parker-Hannifin (NYSE: PH) , and Carlisle Companies (NYSE: CSL) . All three stocks have outpaced the S&P 500 in terms of total return over the past five years and each has raised its dividend for 40 or more consecutive years.
Another key similarity they have is a dedication to diversity of products. While pharmaceutical company AbbVie has been heavily reliant on immuno-oncology drug Humira, it has a huge pipeline of future drugs. Parker-Hannifin's products affect nearly every industrial sector , and Carlisle Companies' products touch on every facet of the construction industry.
Here's why these three are the ultimate set-it-and-forget-it stocks.
For further details see:
3 Stocks You Can Keep Forever