I can suggest three types of stocks that are often considered for long-term passive income strategies.
It's important to conduct thorough research and consult with a financial advisor before making any investment decisions
1. Abbott Lab
Abbott Labs, is a multinational healthcare company headquartered in the United States.
Abboy Lab has reported steadily improving financials over the past three years, with revenue rising from $34.6 billion in 2020 to $43.7 billion in 2022.
2. Nike
Nike revenue rising sharply from $37.4 billion in fiscal 2020 to $46.7 billion in 2022.
3.Tractor Supply
Tractor Supply's sales from $10.6 billion in 2020 to $14.2 billion in 2022