3 Stocks to Buy and Hold for the Next 50 Years
If your holding period spans decades, you need to be pretty particular about the stocks you buy. Which is exactly why you'll want to take a look at technology giant Alphabet Inc. (NASDAQ: GOOG), robotic surgery leader Intuitive Surgical, Inc. (NASDAQ: ISRG), and General Mills, Inc. (NYSE: GIS), a longtime leader in the packaged food space. Alphabet and Intuitive are plays on growing, high-tech businesses, while General Mills is a high-yielding necessity business that can pay you well to stick around over the years. If you take the time to research this trio, at least one of these three stocks should be enticing to you.
The future of surgery Keith Speights (Intuitive Surgical, Inc.): It wasn't all that long ago that the idea of using robots in performing surgeries would have been considered science fiction. But Intuitive Surgical changed things with its 1999 launch of the da Vinci robotic surgical system. I suspect that 50 years from now, the idea of not using robots in surgeries will be viewed as ancient history.
Why is the future of surgery destined to include robotic systems? Variability of outcomes with current surgical procedures remains a significant problem. Studies have found that the bottom quartile of surgeons has three times more complications than the top quartile of surgeons. Intuitive Surgical's da Vinci system helps reduce that variability.
There are plenty of opportunities for Intuitive Surgical to grow. Last year, around 877,000 surgeries across the world were performed using da Vinci. But more than 20 million invasive surgical procedures in total are performed each year in the U.S. alone. The unstoppable long-term trend of aging populations across the world will boost these numbers even higher.
Intuitive Surgical will likely see increased competition. But the overall market growth should easily allow multiple companies to succeed. Also, Intuitive's large install base and strong track record give it a first-mover advantage that will be difficult to overcome.
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