2 Brilliant Stocks to Buy in October and Hold Forever
Both companies generate billions in cash regardless of the economy.
Overview
If I'm buying a stock with the intention of holding it for decades, I want a company that can make money when the economy is booming and that can keep making money when it isn't. Walmart (NASDAQ: WMT) and WM (NYSE: WM) fit that description particularly well.
Neither relies on consumers buying expensive discretionary products. Walmart sells groceries, household products, and other everyday necessities. WM collects and disposes of trash. Recession or not, people still need both. And October also offers an interesting entry point.
Details
Walmart has pulled back sharply from its 2026 high despite raising its full-year outlook, while WM enters the month at a lower valuation than it carried at the beginning of the year and is scheduled to report earnings on Oct. 27. So let's take a closer look.
Source
Originally published at www.fool.com.