5 Safe Stocks To Invest in For Long Term

In this article we will take a look at the 5 safe stocks to invest in for the long term. For a detailed analysis of the industry, go directly to 10 Safe Stocks To Invest in For Long Term.

5. NIKE, Inc. (NYSE: NKE)

NIKE, Inc. (NYSE: NKE) is an Oregon-based company that is involved in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. NIKE also makes sportswear designed for kids, and for other athletic uses. The company was previously known as Blue Ribbon Sports and changed its name to NIKE in 1971. It was founded in 1964 and is placed fifth on our list of 10 safe stocks to invest in for the long term. 

The firm has a market cap of more than $200 billion and posted more than $37 billion in annual revenue in May 2020, down from $39 billion the previous year. Earlier this month, the company announced that it would start selling refurbished sneakers as part of a program to eventually reach markets overseas. On April 7, investment bank UBS picked NIKE as one of its top picks for the quarter, maintaining a Buy rating on the Oregon firm on the back of positive outlook for the retail sector as the economy reopened following a difficult 2020.