Jim Cramer Says He is “Particularly Fond” of Johnson & Johnson

“You could ain JNJ and Merck with their unthinkable franchises. You cognize what? I’m really peculiarly fond of JNJ close now. They’re spinning disconnected their commoditized artificial associated business.”

Photo by Adam Nowakowski connected Unsplash

Johnson & Johnson (NYSE:JNJ) develops and sells healthcare products, including pharmaceuticals and aesculapian technologies, with treatments successful immunology, oncology, neuroscience, cardiovascular care, and infectious diseases. In addition, the institution provides surgical systems, orthopaedic solutions, cardiovascular devices, and imaginativeness attraction products. Cramer noted that the institution is getting retired of “everything non-proprietary” during the November 11 episode, arsenic helium remarked:

“If you privation to task beyond what we telephone the CPG, user packaged goods, world, I deliberation you’d bash precise good with owning J&J oregon Amgen… J&J’s getting retired of everything non-proprietary, artificial joints for example, and truly bearing down connected high-growth pharma with crab being a specialty… They some person yields, much than 2.7%. How powerfully bash I consciousness astir these erstwhile information stocks? We person a monthly concern nine gathering connected Thursday, and I’ve told Jeff Marks, my co-portfolio manager, that we astatine slightest person to enactment 1 of these names successful the bullpen. I don’t privation to hold to look backmost and say, however did we miss that bottom?”

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.