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Royston Wild | Saturday, 13th June, 2020 | More on: BAB GLO Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. 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I’d buy these cheap income stocks and hold them for 10 years In what threatens to be an economically-turbulent decade, it’s clear than investors need to do a little more homework before buying income stocks for the 2020s.Unprecedented social, macroeconomic shocks like Covid-19 and Brexit, allied with rising trade tensions between major nations and the dangers of a ‘Cold War 2:0’, are just some of what share pickers need to take on board before parting with their money.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A proper income hero!These roadbumps are no reason for investors to pull up the drawbridge entirely, though. There remain many shares that should still thrive in the medium-to-long term. Take Babcock International (LSE: BAB) as an example. This income stock is likely to benefit from thawing relations between the West, and Russia and China, in particular.Nations all over the globe are focused on defence and so are building their militaries as a result of this ‘new normal.’ Babcock continues to win business, and just last week sealed a contract extension to build 18 more tactical Missile Tube Assemblies as part of the Common Missile Compartment to kit out British and American submarines.As I suggested, the FTSE 250 company is a particularly good selection for income chasers. It’s a stock that hasn’t so far felt pressured to reduce dividends in the wake of the coronavirus outbreak. It’s not something that City analysts feel it will bow to any time soon either. Consequently Babcock carries a monster yield of 6% for the current financial year (to March 2021). The dial moves to 6.5% for fiscal 2022 too.Slip a rock-bottom forward price-to-earnings (P/E) ratio of 6 times into the equation too, and I reckon the defence giant offers plenty for value investors to get excited about.7.5% dividend yields!ContourGlobal is another great stock for income chasers to buy in today’s uncertain climate, I feel. At current prices it commands dividend yields of 6.8% and 7.5% for 2020 and 2021 respectively.Monster shareholder payouts aren’t the only reason why this FTSE 250 firm also offers terrific value, however. A forward price-to-earnings (PEG) multiple of 0.1 suggests it’s a bargain relative to its expected profits trajectory.Firms involved in the generation and transmission of electricity aren’t totally immune to broader economic conditions. But the likes of CountourGlobal tend to perform pretty resolutely thanks to the essential nature of their services. This isn’t the only ace up the company’s sleeve though. Its commitment to creating low-carbon power and its active expansion plan provide plenty for investors to get excited about as well.ContourGlobal’s strength was illustrated last week when S&P lifted its credit rating to BB from BB-. Among other things, the agency lauded its “strong operating results at most projects” and the power generator’s “financial discipline”. Critically for income investors, it commented on its “strong development pipeline” and added that “we estimate M&A, which should help grow dividend distributions to ContourGlobal from its subsidiaries”. This is a dividend stock I reckon could create mammoth shareholder returns over the next 10 years. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Royston Wild I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.