It’s never easy to foresee the local and foreign stock markets, whether you’re a novice or a seasoned investor. As the year draws to a close, it’s critical to invest in and hold the correct equities for the future. The greatest method to hold a stock is to hold it forever, as Warren Buffet, the world’s most famous serial investor, will tell you.
Although forever can be a long time, you can still hold certain stocks as part of your long-term investment plans. Here are some local and foreign stocks you should consider holding:
Since Apple became the first U.S company to reach $1trillion in 2018, its valuation has significantly increased. It is the lead company in the smartphone and tablet market in the US, having 40% and 29.2% shares respectively in both markets as of Q4 2020.
Johnson and Johnson (JNJ)
Between 1973 to 2020, the New Jersey-based health and pharma giant has seen its cash dividends increase. In the 10 years ending on May 12, 2021, the stock’s split-adjusted return (not including reinvested cash dividends) was 157.24%.
Dover, like J&J, is a dividend king, with yearly cash dividends climbing year after year from 1973 through 2020. In 2020, Dover, a Chicago-based fluid management, industrial goods, and manufacturing support systems corporation, paid $1.97 per share in quarterly dividends.
Microsoft has become less reliant on its Office software suite and Windows operating system for revenue, having shifted toward cloud infrastructure and services business. The company’s revenue from commercial cloud services increased 31% year over year in the first quarter of the fiscal year 2021.
In the fiscal year 2020, it paid a quarterly dividend of 51 cents per share. For the first three quarters of the fiscal year 2021, the firm paid a dividend of 56 cents per share.
In 2020, Amazon, the second-largest retailer in the world, had a total of $232.88 billion in revenue. Amazon is also relying more and more on its cloud computing business to drive revenue and profit gains.
The stock’s average annual return from 2016 to 2020 was 38.93%. Amazon was the second company to reach a $1 trillion market cap.
Conoil PLC (CONOIL)
Compared to the beginning of the year 2021, CONOIL has seen its stock rise by 7.1% moving from 20.85NGN to 22.35NGN. CONOIL is the 87th most-traded stock on the NGX and it has traded a total volume of 6.35 million shares, which were sold in 1,340 deals, at a value of NGN 139 million. CONOIL achieved an all-time high trading volume of 695,146 on August 9.
Seplat Energy PLC (SEPLAT)
The company began the year with a share price of 402.30NGN and has since increased by 88.8%. SEPLAT is the NGX’s 84th most traded stock, with a total volume of 8.86 million shares moved in 1,238 deals at a total of NGN 6.33 billion.
MTN Nigeria (MTNN)
MTN share price has increased by 1.53% from an initial price of 172.50NGN. They are 62nd on the NGX where year-to-date performance is concerned.
MTN Nigeria is the 37th most-traded share on the NGX and in the past three months, a total volume of 90.3 million shares was traded in 5,621 deals which were valued at a total of NGN 15.1 billion.
Zenith Bank Plc (ZENITH BANK)
Zenith bank began the year 2021 with a price of 23.80NGN, up 3.23 per cent over the previous year. With a total trading volume of 737 million shares in the last three months, Zenith bank is also the sixth most-traded stock.