Fifty years is a long time. But there are a few businesses that can not only survive but also prosper for several decades. These three stocks are part of this elite group of companies, and their shares are likely to reward their shareholders with reasonable profits for the next fifty years and beyond.
The first company you can hold for the next five decades is the entertainment industry giant Disney. Its timeless brands, storylines, characters, cartoons, and movies make up an irreplaceable collection of assets. This stock has fueled its growth for about a century, and that tendency should continue for the next decades as well.
Furthermore, Disney has proven experience in adapting to new technologies. It successfully transitioned its movie business from VCR tapes to DVDs. Not to mention the blockbuster launch of Disney+. This kind of capability will allow the company’s shareholders to profit for many years in the future.
Since war will likely remain part of our future another stock to hold for is the defense giant Lockheed Martin.
Even if we are lucky to enjoy peace, there will be a need for companies that help to preserve it.
Lockheed Martin is the world’s largest defense contractor. At the core of its defense systems lies the F-35 Joint Strike Fighter.
The F-35 is projected to remain in service until 2070, at least. Over the next five decades, the Joint Strike Fighter program is expected to generate over $1 trillion in revenue for Lockheed.
One more reliable stock for the next decades is the trash titan Waste Management.
The company is the leading provider of waste management solutions in North America. It offers collection, recycling, and transfer services, helping individuals, municipalities and businesses, manage their trash.
The trash management giant rewards its shareholders with a steadily increasing dividend and share repurchases.
Moreover, the U.S. population is projected to rise in the coming decades, which should fuel steady increases in demand for Waste Management’s services. That should lead to higher revenue and earnings, as well as profits for investors.