2 Magnificent Industrial Stocks Down 40% to Buy and Hold Forever
UPS and Fluor deserve more attention from value-seeking investors.
Overview
Many industrial stocks slumped over the past year as geopolitical conflicts, inflation, potential interest rate hikes, and other macro headwinds threatened to disrupt the global economy. However, that pressure is creating some good buying opportunities for long-term investors.
Two of those stocks are UPS (NYSE: UPS) and Fluor (NYSE: FLR), which are both trading about 40% below their all-time highs. Let's see why these two stocks slumped -- and why they could still be great stocks to buy and hold forever as many investors look the other way.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.