In any market environment, great stocks can be found that offer steady share price increases over time. If you’re looking for top stocks to buy and hold for the long term, here are two companies to consider adding to your portfolio.
1. Eli Lilly:
Shares of Eli Lilly (NYSE: LLY) have seen a significant 106% increase over the past 12 months. The company’s expansion into the diabetes and weight loss drug markets, with drugs like Mounjaro and Zepbound, has been a key factor in this growth. Eli Lilly is expected to dominate the GLP-1 drug market along with Novo Nordisk, with estimates predicting a market valuation of $71 billion by 2032. Additionally, the recent FDA approval of Kisunla for early symptomatic Alzheimer’s disease is expected to be another blockbuster for the company.
2. Dutch Bros:
Dutch Bros (NYSE: BROS) started as a pushcart in 1992 and has since grown to 876 locations in 17 states, becoming a top brand in the quick-service beverage industry. The company has seen a 35% increase in shares over the past 12 months. With a focus on steady growth and company-owned locations, Dutch Bros has opened 45 new shops in the first quarter, with total revenues rising by 40%.
Both Eli Lilly and Dutch Bros offer solid growth potential for long-term investors. Eli Lilly’s strong financial performance and innovative drug pipeline make it a reliable choice, while Dutch Bros’ consistent expansion and focus on company-owned locations make it an appealing investment for those looking for growth opportunities in the coffee industry. Consider adding these stocks to your portfolio for potential long-term gains.