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Investing in the stock market for the long term is always the best way to avoid losing money. However, finding long-term stocks with robust business models and low risk can be a bit difficult.

Choosing the right long-term investment opportunities doesn’t always have to start with a company’s financial performance. While this is extremely important, investors often look for stocks that operate in industries with greater stability. They can come from sectors such as consumer staples, industrials, and healthcare, to name a few.

Moreover, the companies often have promising growth prospects even amid economic uncertainty. For investors looking to double their money safely, investing in these stable giants can certainly lead to riches in the long run.

Let’s now discover the top 3 long-term stocks that are expected to double or more in value by 2032!

Walmart (WMT)

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Walmart (NYSE:WMT), currently the largest retailer in the world, is one of the top long-term stocks on track to double. With a strong global presence and the push into online channels, Walmart is well positioned to compete with companies like Amazon in the next decade.

Walmart has had an incredible start to 2024, with the stock significantly outperforming the broader market. Currently, the stock is up 27% compared to the same period last year. S&P500 12%. The company’s omnichannel strategy and thriving advertising business are driving robust growth in the domestic and international market. Walmart’s competitive pricing model and extensive global supply chain networks have made it extremely difficult for its competitors. In the first quarter of fiscal 2025, revenue grew 6% year-on-year to $161 billion, with global e-commerce sales increasing 21% year-on-year. In addition, its global advertising business grew 24%, including a 26% gain from Walmart Connect. With an impeccable track record and a fundamental focus on its customers, Walmart will outperform in the long run.

TJX Companies (TJX)

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TJX Companies (NYSE:TJX) is another company that has a history of consistently beating earnings forecasts and growing profits. Known for its popular retail brands such as TJ Maxx, Marshalls, and HomeGoods, TJX remains a household name in the retail industry.

TJX Companies is a unique company that has shown resilience even during downturns in the stock market and the broader economy. For example, during the recent stock market downturn in 2022, when the S&P 500 fell nearly 20%, TJX stock returned 7%. When inflation crushed the U.S. economy, peaking in June, the company was largely unaffected and reported record earnings. Moreover, its earnings growth has continued since the debacle while significantly increasing its dividend per share. In its most recent quarterly results, revenue rose 6% year over year to $12.5 billion. Net income rose 20% year over year to $1.1 billion, or 93 cents per share. TJX’s solid business model and focus on high-quality goods at affordable prices puts the company in a good position to return value to shareholders.

Republican Services (RSG)

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Republic Services (NYSE:RSG) is a company that any investor will be happy to own in any macroeconomic environment. As a leading provider of waste management and recycling solutions, Republic is a beacon of stability due to the steady demand for these important services.

Republic Services is a great long-term stock for a variety of reasons, but what really sets the company apart is its extensive network of landfills across the United States. The company owns and operates more than 200 modern landfills that allow for safe and effective disposal of various materials. Additionally, Republic prides itself on sustainability, with its waste management facilities converting gas into electricity and powering 20% ​​of its truck fleet. After a stellar fiscal 2023, CEO Jan Vander Ark continues to run at full speed. In the second quarter, revenue increased 9% year over year to $4.05 billion. In addition, net income increased 20% year over year to $511.5 million, with adjusted EBITDA margin increasing 115 basis points. With management raising its full-year earnings and cash flow guidance, RSG stock is among the best long-term stocks to multiply your wealth by 2032.

As of the date of publication, Terel Miles had no position (either directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s disclosure policies.

At the time of publication, the editor in charge did not hold any positions (either directly or indirectly) in the securities mentioned in this article.

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