People often ask me which stocks I recommend buying for long-term investing. With thousands of publicly traded companies available, this question becomes a bit complicated. There are multiple factors that one must consider when giving financial advice on the street. Without knowing the exact details of a person’s financial situation or portfolio, I tend to shy away from giving specific stock recommendations. That being said, I thought I would take the time to assemble a list of stocks that are not only great long-term investments, but also rank the highest in terms of their diversity and inclusion initiatives.
I have not analyzed all of these companies like I normally do, in terms of evaluating P/E, Yield, EPS, etc. These are solely organizations whose diversity initiatives are consistently the strongest and most consistent.
Amazon (AMZN) – Consumer Discretionary
Apple (AAPL) - Technology
AT&T (T) - Telecom
Chevron (CVX) – Oil/Energy
IBM (IBM) – Technology
JP Morgan Chase (JPM) - Financial
Proctor & Gamble (PG) – Consumer Staples
United Health (UNH) – Healthcare/Insurance
Verizon (VZ) - Telecom
Walgreens (WBA) – Consumer Staples
Ironically, if you decide to invest in all 10 of these firms, you will have a pretty well diversified portfolio. There are a few others I would throw in there as well, especially in the technology sector, mainly Microsoft (MSFT) and Google (GOOG).
In full disclosure, I own shares of T, JPM, PG, VZ and MSFT. I made these purchases after I studied the financials of these firms and found them to be safe long-term investments in this current environment.