Johnson & Johnson (NYSE:JNJ) stock, previously labeled a slow-growth “loser” pharmaceutical play, is now hot again. Shares are up 19% since March 23. They rose almost 5% on April 14, after the company delivered a strong first quarter and said it was working on a vaccine for the novel coronavirus.
Overall, Johnson & Johnson’s reputation within the industry is sound. Its balance sheet is sound, its response to the pandemic is also sound. Its focus on public health is very sound. JNJ stock won’t make you rich. It is still a slow-growing, conservative company. But in an uncertain time, with a pandemic raging, it could be your best shelter from the storm. It is unlikely to make your portfolio ill, which in the present environment makes it a buy, especially for income investors.
Source: InvestorPlace
Related Articles:
- 8 Dividend Stocks Building A Growing Cash Stream
- How To Build
A Sustainable High Yield Portfolio
- 7 High Yield, High Risk Dividend Securities
- 5 Dividend Stocks To Buy And Hold, Not Buy And Forget
- International Diversification May Be Closer than You Think
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
After a four-month run of steady gains, September brought sudden, sharp, losses across the board. The NASDAQ, which peaked over 12,000 on Se...
-
The current correction has provided a sweet entry point for buying into the 5G and cloud storage markets, where the best-of-breed stocks in ...
-
There is no doubt that being an income investor in today’s bull market isn’t cool. But then again, it never is. No one likes to focus on div...
-
Recently, this stock has outperformed the US Telecom ETF, IYZ, over the past month and quarter, but it still lags IYZ and the S&P over t...
-
Many investors favor dividend-paying stocks for the recurring streams of income they provide, a benefit that is magnified when those compani...
-
Today, we’ve pulled up three ‘Perfect 10’ stocks, which are also fine defensive plays, with dividends yielding 5% or higher. At a time when ...
-
Investors love dividend stocks for a few reasons. First and foremost, that sweet dividend income. After all, investors like when an investme...
-
This stock has been an up and down ride, which we've held on for, due to the very attractive yield over cost. Management was able to inc...
-
There are a few things that annoy me. One of those things is seeing investors focus on the wrong metrics. Unfortunately, that happens freque...
-
The housing market and real estate stocks have understandably had a grueling 2020. According to the Urban Land Institute survey in May, econ...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.