3 Smart Stocks to Buy and Hold for the Long Term With $500 Right Now

These companies are positioned in highly attractive end markets.Emerson Electric (EMR 0.25%), Carrier Global (CARR -1.80%), and Allegion (ALLE 0.41%) are all smart buys now for two reasons. First, their respective management teams are aggressively restructuring their businesses toward attractive long-term growth markets. Second, if you only invest a relatively small amount, it's a good idea to minimize trading costs by holding stocks for an extended period, and the growth prospects of all three justify hold ...