2 Stocks to Buy and Hold Now

Buy and hold investing can reward your patience by delivering great returns over time.

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The key is to choose the right stocks.

While you theoretically can buy and hold onto any stock, that isn’t always the best option for a portfolio. However, there are some stocks where it is far more feasible, and often recommended, to do so. They are long-term prospects with distinct reasons for investors to believe they’ll rise in value not only now but also months or years after acquisition.

That’s why we used the Zen Ratings system to find two promising buy-and-hold contenders that appear to have favorable entry points in the current market: 

1. Myr Group (NASDAQ: MYRG)

A specialty electrical contractor, MYRG is in an excellent position as the people who wire the EV infrastructure, AI infrastructures, intelligent grids, renewable energy setups, and more. Even if one dies down a bit, the rest aren’t likely to go anywhere at once. Earnings are skyrocketing (they grew 311% last year). The share price has had an excellent year (see below).

Electric infrastructure needs aren’t going away, despite what may happen with AI and international events. Sentiment is high. And it doesn’t have anywhere near enough attention yet, making it a potentially great pick to hold onto now. Investors will want to watch related industries, but more particularly, they will want to watch how MYRG handles expansion and the demands on it.

2. Micron Technology (NASDAQ: MU)

Micron Technologies has been one of the big names to watch since the growth of AI stocks, and they’re not particularly slowing down. AI demand, or rather demand for their memory and storage offerings, isn’t decreasing. While other companies might get more headlines, AI growth is no less reliant on MU.

Earnings are rising rapidly (400% last year), operating cash flow is over $31 billion, and sentiment is strong. There is some risk, as indicated by the D Component Grade for Safety among a list of great grades, but the long-term potential is clear, and there are few signs of imminent collapse.

However, if the goal is to buy and hold stocks, it’s still reassuring to keep an eye on things and gather as much information as you can. For that, WallStreetZen Premium will be your best friend. With it, you’ll have an unlimited watchlist, all the fundamental information you may need, and more. It will be the perfect fit for anyone looking to perfect their portfolio.

Yet watching every turn in the market can be exhausting, and keeping up can be hard. If that sounds like you, or you simply want a more guided option, then Zen Investor is perfect for you. With it, you’ll receive regular commentary and access to live webinars from our own Steve Reitmeister, who has more than 40 years of investing experience. You’ll also gain access to a model portfolio created using that experience in conjunction with the Zen Ratings system.

What to Do Next?

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