3 Smart Stocks to Buy and Hold for the Long Term With $500 Right Now
Emerson Electric (NYSE: EMR), Carrier Global (NYSE: CARR), and (NYSE: ALLE) are all smart buys now for two reasons. First, their respective management teams are aggressively restructuring their businesses toward attractive long-term growth markets. Second, if you only invest a relatively small amount, it's a good idea to minimize trading costs by holding stocks for an extended period, and the growth prospects of all three justify holding them over the long term.
Emerson Electric's transformation toward becoming a pure-play automation company continues. It's a long journey that started with the unsuccessful bid to acquire Rockwell Automation in 2017. Buying the company would have added Rockwell's expertise in factory automation to Emerson's strength in process automation (liquids and materials).
The bid failed, and since then, Emerson has slowly maneuvered toward automation anyway. It sold its majority stake in its climate technologies business to Blackstone for $9.5 billion in 2022. Furthermore, it recently announced it will sell its remaining share in the climate technologies business for $3.5 billion this year.
Source Fool.com
Allegion plc Stock
With 1 Sell predictions and 1 Buy predictions the community sentiment towards the Allegion plc stock is not clear.
As a result the target price of 116 € shows a slightly positive potential of 7.41% compared to the current price of 108.0 € for Allegion plc.
