2025-01-21 07:10:00 ET
You've probably heard this before: Pharmaceutical stocks can bring an element of safety to your portfolio. Why is this the case? These companies make drugs doctors and patients rely on -- and that means no matter what the economy is doing, doctors will continue prescribing and patients will continue buying these treatments. All of this equals a rather steady stream of revenue for a pharma company, and this could translate into positive stock price performance over time.
Sales of these drugs also have helped put many pharma companies in position to reward shareholders through dividend payments. So, pharma stocks could offer a secure revenue stream and the potential for passive income.
And you don't need deep pockets to invest in these players. In fact, with $500 or even less, you can get in on the following two big pharma companies that make great stocks to buy and hold forever.