In this article, we will look at the 10 Best Non-Tech Stocks to Buy and Hold For 3 Years.
On July 4, Scott Bessent, US Treasury Secretary, gave a statement noting that the market resilience has shown that the tariffs haven’t hurt the economy. The general sentiment was that tariffs would hurt the economy and the stock market in general. However, the market has shown the fastest recovery ever from the lows in April to reaching all-time highs in July.
To discuss the current and future market outlook, Lisa Shalett, Morgan Stanley Wealth Management CIO, joined CNBC television on July 4. She noted that the statement that the market has completely moved past the tariff situation is far-fetched, as some of the tariff policy resolutions are still pending, and many countries have not signed any deals with the US regarding tariffs. She believes that this is also one of the reasons why the Fed has been on hold.
Shalett noted that she thinks the market has moved on from tariffs, assuming that any kind of response would be digestible. She highlighted that the market sentiment for the next 6-12 months is based on the hope for some stimulus from the tax bill, which will help earnings growth for the said period.
With that, let’s take a look at the 10 best non-tech stocks to buy and hold for 3 years.
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Our Methodology
To curate the list of 10 best non-tech stocks to buy and hold for 3 years, we used reputable financial media. Using various reputable sources, we aggregated a list of non-tech stocks to buy and hold for the next 3 years. Lastly, we ranked these stocks based on the number of hedge fund holders sourced from Insider Monkey’s Q1 2025 Hedge Funds database.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best Non-Tech Stocks to Buy and Hold For 3 Years
10. Johnson & Johnson (NYSE:JNJ)
Number of Hedge Fund Holders: 91
Johnson & Johnson (NYSE:JNJ) is one of the 10 Best Non-Tech Stocks to Buy and Hold For 3 Years. On July 3, Janssen-Cilag, a company of Johnson & Johnson (NYSE:JNJ), reported applying to the European Medicines Agency to expand the use of AKEEGA, a drug that combines niraparib and abiraterone acetate.
The new application seeks approval for treating adults with metastatic hormone-sensitive prostate cancer who have specific genetic changes called homologous recombination repair gene alterations. While treatments for mHSPC have improved, over 20% of mHSPC patients have HRR gene alterations, including the BRCA1/2 genes. These patients often have worse outcomes and limited treatment options.
Janssen-Cilag’s submission is based on results from the Phase 3 AMPLITUDE study. This study tested niraparib and abiraterone acetate with prednisone or prednisolone versus the current standard treatment. The combination significantly delayed cancer progression and the worsening of symptoms.
Johnson & Johnson (NYSE:JNJ) is an international healthcare company that develops and sells medical products. The company operates through two main segments, which include Innovative Medicine and MedTech.
9. The Progressive Corporation (NYSE:PGR)
Number of Hedge Fund Holders: 91
The Progressive Corporation (NYSE:PGR) is one of the 10 Best Non-Tech Stocks to Buy and Hold For 3 Years. On June 26, analyst Gregory Peters from Raymond James reiterated a Buy rating on The Progressive Corporation (NYSE:PGR) with a price target of $305.
The reiterated bullish sentiment comes after the company reported its May 2025 results on June 18. The Progressive Corporation (NYSE:PGR) grew its Net Premium Written by 11% year-over-year to reach $6.634 billion, whereas the Net Premium Earned grew 15% during the same time to reach $6.715 billion. Notably, the net income surged around 353% year-over-year to reach $1.065 billion against $235 a year ago.
Management noted that the Net Premium Written growth rate for May is lower by 2% to 3% as the report for May was released in June. Looking ahead, the company expects the June premium growth rates to be higher by around the same margins.
The Progressive Corporation (NYSE:PGR) is a major insurance holding company based in the United States. The company operates through a range of insurance and non-insurance subsidiaries and affiliates.
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