“7 Stocks to Buy Now for Long-Term Growth Potential in a Volatile Market”
The stock market in 2024 has been on a remarkable run, with the S&P 500 and Nasdaq hitting all-time highs. However, as rate cuts take effect, volatility could make a comeback. This might seem counterintuitive, but history has shown that rate cuts by the Federal Reserve often precede recessions and downturns.
Despite the short-term uncertainty, there is reason for optimism when looking at the market’s prospects over the mid-to-long term. A well-diversified portfolio of high-quality companies has historically been able to weather any storm and deliver solid returns. Here are seven stocks that could be worth considering for such a portfolio:
1. Berkshire Hathaway (BRK-A, BRK-B): Analysts are bullish on Berkshire Hathaway, seeing it as undervalued with a diversified portfolio of businesses that provide flexibility and stability. With a cash hoard expected to exceed $200 billion, the company is well-positioned to capitalize on opportunities.
2. Amazon.com (AMZN): Amazon’s investments in AI and dominance in cloud computing position it for continued growth. Despite trading at a premium, analysts see significant upside potential for the stock.
3. Alphabet (GOOG, GOOGL): Google’s search dominance, investments in AI, and strong growth in Google Cloud make Alphabet a compelling choice for investors.
4. Visa (V): Visa’s exposure to the global shift towards digital payments, along with its strong network effects, make it a solid investment in any economic environment.
5. McDonald’s (MCD): Despite recent volatility, McDonald’s is a resilient stock with a recession-resistant business model and strong brand that appeals to consumers in all economic conditions.
6. Antero Midstream (AM): Positioned to benefit from the global energy landscape shift, Antero Midstream offers a high dividend yield and growth potential.
7. Chubb (CB): In the stable insurance sector, Chubb stands out for its consistent growth, profitability, and focus on growth areas like cyber insurance and climate risk mitigation.
These stocks represent a mix of industries and business models that could provide stability and growth in a diversified portfolio. While short-term market fluctuations are inevitable, a long-term perspective and focus on quality companies can help investors navigate uncertainty and achieve their financial goals.