Why Home Depot, Novartis, and American Express Are Top Long-Term Stock Picks
Three major companies have shown strong financial performance, making them attractive long-term investments. Home Depot, Novartis, and American Express each offer steady growth, solid dividends, and competitive valuations in their respective sectors.
Home Depot, a reliable choice for investors, expects sales to grow by 3% in the current fiscal year. Its long-term potential is supported by a 2.7% dividend yield and a price-to-earnings (P/E) ratio of 24.
Novartis is expanding through mergers and acquisitions to meet its growth targets. The Swiss pharmaceutical firm aims for a compounded annual growth rate of 5% to 6% by 2030. Under CEO Vasant Narasimhan, who was born in Pittsburgh, the company has delivered a 46% stock increase over five years. It also offers a 2.9% dividend yield and trades at 19 times trailing earnings—a lower multiple than the S&P 500 average of 26. American Express continues to perform well despite economic uncertainty. The financial giant has achieved record revenues and earnings, with its stock rising by 220% over five years. Its P/E ratio stands at 25, reflecting strong investor confidence.
These three companies provide different strengths for investors. Home Depot offers steady retail growth, Novartis combines pharmaceutical expansion with a solid dividend, and American Express maintains financial resilience. Each remains well-positioned for future performance in their industries.
