The recent collapse of SVB Financial Group's Silicon Valley Bank and Signature Bank has triggered fears about contagion in the banking system and a potential financial crisis in the coming months. Historically, every stock market correction has been followed by a bull rally. Here's why shares of these companies are well poised to grow rapidly in the next bull rally.
Buying stocks for the long term is a great way to build wealth. American Express is a longtime Berkshire Hathaway holding, and it's no wonder: It's one of the most iconic brands in America. Premium brand status: American Express is considered a luxury brand in the credit card industry.
While a volatile market continues to keep some investors on the sidelines, if you're putting your money into wonderful businesses in both good times and bad, you can prime your portfolio for more consistent returns over the long term. Johnson & Johnson (NYSE: JNJ) has a lengthy history of delivering returns to shareholders over a wide range of markets and economic environments through its faithful dividend payments. The last five years alone have seen J&J's dividend jump by more than 25%.