3 No-Brainer Long-Term Growth Stocks to Buy Right Now

With many companies having already reported their third-quarter earnings, it's time to check in on the progress of three companies with exciting long-term growth potential. All three delivered good earnings reports highlighting their potential and strengthening investment cases. Here's why water and pool products company Pentair (NYSE: PNR), security products company Allegion (NYSE: ALLE), and copper miner Freeport McMoRan (NYSE: FCX) are great stocks to buy now.The investment case for this stock rests on two ideas. First, there's the potential for improvement in its residential and industrial water technology solutions and residential pool products as a lower-interest environment stimulates spending. That's particularly relevant for pool products, where discretionary spending follows the housing market.Second, management has a host of transformational initiatives aiming to improve return on sales from 20.8% in 2023 to 24% in 2026. The initiatives span more targeted pricing, improvement in its sourcing, implementation of lean management, and investment in productivity-enhancing technology. I've discussed Pentair's transformational initiatives in more detail elsewhere.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool