Stocks Hit New Highs, Presenting Long-Term Opportunities
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The S&P 500 index recently hit fresh all-time highs, sparking a new bull market in 2024. This presents an opportunity for long-term investors to buy stocks.
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Johnson & Johnson is a reliable healthcare stock with a strong pharmaceutical business, medical device growth from acquisitions like Abiomed, and a promising pipeline. It also pays steady dividends.
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Amazon has proven resilient despite recent volatile markets. Its e-commerce and cloud computing operations continue growing through AI investments, like its deal with Anthropic.
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Most of Amazon's profits come from its cloud computing division Amazon Web Services. AWS makes up 70% of total operating income.
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Both Johnson & Johnson and Amazon are stocks investors can confidently buy and hold for at least 5 years to benefit from their continued growth trajectories.