2024-03-31 09:45:00 ET
Bear markets come and go, but history has taught investors time and time again that bull markets not only tend to outlast these periods, but eventually drive stocks higher than before the downturn hit. Both bull and bear markets can present opportunities for the long-term investor who is focusing on buying great businesses, and not just share prices.
If you have cash to put to work, it's always a good time to add to or start positions in quality businesses with wide moats and compelling long-term growth stories. A $1,500 investment in one or both of these stocks could bring in meaningful returns for your portfolio over the coming years. Let's take a closer look.
Eli Lilly (NYSE: LLY) is one of the largest pharmaceutical companies in the world by market capitalization and revenue. With close to 150 years in business under its belt, it's safe to say that this is one of the mainstay companies to consider if you're looking to invest in the healthcare space.
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Have $1,500? 2 Top Growth Stocks to Buy Right Now for 2024 and Beyond