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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Business

Business & Economics

Is Johnson & Johnson (JNJ) the Best Safe Stock to Buy According to Hedge Funds?

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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77% Informative

In times when you never know what you’ll wake up to the next morning , playing safe seems to be the wisest choice.

A safe stock generally stems from a well-established company possessing a strong balance sheet, a track record of decent performance, solid market positioning, and a dividend history.

Johnson & Johnson ( NYSE : JNJ ) has successfully transitioned to a healthcare company by incorporating segments like pharmaceuticals and MedTech .

Management unveiled plans to invest over $55 billion in the United States over the upcoming four years in the areas of manufacturing, R&D, and technology.

Overall, JNJ ranks 11th on our list of best safe stocks to buy.