2 Monster Stocks to Hold for the Next 10 Years
Consumer staples companies sell things that people tend to buy regardless of the economic environment and stock market dynamics. They are looked at as safe-haven investments for that reason.But two of the industry's best-known companies are struggling today and, if you think long term, that is likely to be a buying opportunity. Here's why these two monster food stocks are buy-and-hold investments for the next decade.PepsiCo (NASDAQ: PEP) is named after its famous soda brand. Beverages are a very important business, but the company is the No. 2 player in the beverage industry. It is the No. 1 company in salty snacks, however, with its Frito-Lay brand. It also has a material packaged food business in Quaker Oats.Continue reading
Consumer staples companies sell things that people tend to buy regardless of the economic environment and stock market dynamics. They are looked at as safe-haven investments for that reason.
But two of the industry's best-known companies are struggling today and, if you think long term, that is likely to be a buying opportunity. Here's why these two monster food stocks are buy-and-hold investments for the next decade.
PepsiCo (NASDAQ: PEP) is named after its famous soda brand. Beverages are a very important business, but the company is the No. 2 player in the beverage industry. It is the No. 1 company in salty snacks, however, with its Frito-Lay brand. It also has a material packaged food business in Quaker Oats.
