Tag: decades

3 Cheap Stocks You Can Buy and Hold for Decades

Even with the recent pullback, the stock market remains near all-time highs. There aren’t many stocks with attractive valuations. Of those, quite a few aren’t the kinds of stocks you’d want to touch with a 10-foot pole.

That doesn’t mean that there aren’t some appealing stocks available at bargain prices, though. Here are three cheap ones that you can buy and hold.

Three arrows stuck on a target next to a target with a dollar sign in front of it

Image source: Getty Images.

1. AbbVie

AbbVie (NYSE:ABBV) shares trade at only 7.4 times expected earnings. The big pharma stock is available at a discount primarily because investors aren’t sure how AbbVie will perform once its top-selling drug Humira begins to face biosimilar rivals in the U.S. beginning in 2023.

But there are plenty of reasons to feel pretty good about AbbVie’s prospects. The company already has strong successors to Humira on the market. Rinvoq won Food and Drug Administration (FDA) approval last year for treating rheumatoid arthritis,

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It took decades to build Mexico’s middle class. The coronavirus could demolish it

Monica Cardenas Leal was living the Mexican dream.

As her once-sleepy hometown of Querétaro transformed into an international hub of the aerospace industry, Cardenas grew with it. The daughter of a carpenter who worked multiple jobs to put food on the table, she graduated from a state aeronautics university and went to work for a Spanish firm assembling parts for Cessna jets and Sikorsky helicopters.

Her $500-a-month salary lifted her family into Mexico’s middle class.

She and her truck-driver husband took beach vacations and bought a house in the suburbs. Their children, outfitted in name-brand sneakers and braces, aspired to careers in architecture and psychology.

The coronavirus threatens to undo all of that.

Monica Cardenas now spends her days looking for a new job. “It’s overwhelming,” she says.  (Gary Coronado / Los Angeles Times)

The pandemic has driven Mexico into its deepest economic downturn since the Great Depression, with

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