Home Depot is one of the leading home improvement retailers in the U.S. Analyst Elizabeth Suzuki says inflation is actually boosting Home Depot's top-line growth, and the company has successfully managed rising costs by maintaining impressive margins. Rising interest rates may cool off the housing and home improvement markets in 2022 and beyond, but Home Depot has a well-established track record of execution that should reassure long-term retirement investors.

Mastercard is one of the world's largest credit card and digital payments companies. Analyst Jason Kupferberg says Mastercard has several growth opportunities, including traditional payment flows, buy-now-pay-later and cryptocurrency. In the near-term, a pickup in cross-border travel should provide a bullish catalyst as the world recovers from the pandemic, a dynamic that Kupferberg says could drive upside for Mastercard earnings in 2022 and 2023.

Thermo Fisher Scientific is the largest and most diversified life sciences company, with a comprehensive product portfolio of analytical instrumentation, lab equipment, consumables, software and services for research and diagnostics. Analyst Derik de Bruin says acquisitions of complementary companies, process improvement initiatives and expanding operations in emerging markets will help Thermo Fisher deliver annual EPS growth in the now teen percentage range over the next several years.

Texas Instruments supplies semiconductor components, including digital signal processors and high-performance analog components. Analyst Vivek Arya says Texas Instruments is among the highest-quality analog semiconductor stocks. He says the company has a long track record of market share gains, free cash flow generation and profitability even during economic downturns. He says the company's near-term capex pain could generate longer-term market share gain.

Lowe's is a leading home improvement retailer and Home Depot's primary competitor. Suzuki says home improvement spending will continue to decelerate in the near-term following two record-setting years in 2020 and 2021. However, she said 2022 will still see positive growth given persistent renovation demand and a bloated backlog of professional projects. In addition, she says Americans and Canadians continue to spend more money at home than before the pandemic.

Northrop Grumman is a leading U.S. defense contractor. Analyst Ronald Epstein projects the U.S. defense budget could rise to between 3.5% and 4% of GDP, or around $800 billion, in fiscal 2023. For contractors like Northrop, the defense budget is the most important factor in their earnings and revenue stability, making them stable, reliable investments even during economic downturns. Epstein says the U.S. defense budget will continue to expand in the longer term, likely exceeding $900 billion by 2025.

General Dynamics is another leading defense contractor that will benefit from the potential defense spending fallout following the recent Russian invasion of Ukraine. General Dynamics shares are already up 9.1% in a weak market in 2022, and Epstein sees more long-term upside ahead as defense budgets in the U.S. and Europe rise. He says continued global geopolitical conflict could push defense stock valuations from a 20% to 30% discount to the S&P 500 before the invasion, to a 20% to 30% premium to the market in the longer term.

Domino's Pizza is the leading global pizza delivery company, with more than 16,000 global locations. Analyst Sara Senatore says Domino's will continue to benefit from the fast-growing pizza market and has tremendous first-mover advantages and both U.S. and international expansion opportunities. In addition, she says labor shortages should improve throughout the remainder of the year, which will boost revenue growth as Domino's works to further expand its menu.