Stocks

Three Stocks You Can Buy for a Balanced Portfolio

Creating a balanced portfolio of stocks firstly requires finding a few core companies that have a competitive advantage over their adversaries. Secondly, you will also need to buy their stocks and hold onto them for the next several years.

If you are looking for these types of stocks, then look no further. We recommend Walt Disney, Apple, and Nike. Here are some reasons we advise them.

Disney

The first one to interest you is the entertainment industry giant, Walt Disney. This stock has fueled its growth for about a century, and that tendency should continue for the following decades as well.

Furthermore, Disney has proven experience in adapting to new technologies. It successfully transitioned its movie business from VCR tapes to DVDs. Moreover, within the first two weeks after Disney+’s launch, it already had 10 million subscribers. Those millions of subscribers put the company on pace to reach its goal of 18 million subscribers by the end of 2020.

Apple

Another company that might catch your attention is Apple. Some investors might focus on the decline of iPhone sales. But the company’s significant opportunity for growth comes from the service segment, including App Store, Apple Music, Apple Pay, and Apple TV+ subscription services. Services revenues grew by 18% in the recent quarter to a record of 12.5 billion dollars.

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Moreover, Apple also has one of the most successful lineups of wearable technology, including AirPods, Apple Watch, and Beats headphones.

Nike

Nike has one of the strongest retail brands in the world.

The company’s sales increased by 7% in the recent quarter to $10.1 billion.

Nike’s durable brand power has allowed the company to move away from selling its products through retailers and sell directly to consumers. This enables the company to make more money from each sale.

Investors looking for how Nike will continue to grow in the coming years need to look no further than the retail giant’s direct-to-consumer sales.

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