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As investors, it can be easy to get discouraged by the near-term machinations of what has been a volatile market and it has on the performance of your portfolio. Here are two incredible stocks for buy-and-hold consideration regardless of whether a bear market is still underway. Teladoc Health (NYSE: TDOC) stock trades nowhere near the price it was 12 months ago thanks in large part to the market shying away from growth-oriented businesses that are unprofitable.
While Wall Street always likes to see strong growth, right now the priority is on stability and profitability through what could be a weak period ahead for the economy. Procter & Gamble said in mid-January that organic sales rose 5% in the most recent quarter on top of big gains a year earlier. Likewise, Costco's same-store sales were up an impressive 7% in the quarter that ended in mid-February as shoppers look to stretch their shopping budgets.
Costco and Sam's Club may seem interchangeable, but one is actually quite different from the other.