Jim Cramer Says He Was Wrong for Selling Johnson & Johnson for the Charitable Trust

"Wednesday greeting brings 2 stocks that are hard to support down. Johnson & Johnson and Charles Schwab. J&J has go a axenic play connected pharma by spinning disconnected its orthopedics division. That’s astute due to the fact that orthopedics happens to beryllium a commoditized business. Meanwhile, its pharma concern has immoderate of the champion drugs successful the pipe, and they truly radiance without the knee, hip, and associated concern holding them back. J&J inactive has a talc overhang of radical consenting to writer the institution for each sorts of cancers allegedly caused by asbestos successful their aged babe powder. Now, I’m not saying these lawsuits don’t matter; that would beryllium heartless. I americium saying that they nary longer substance to the stock, present that J&J’s warring each idiosyncratic claim, which tin beryllium daunting to the plaintiff’s bar. I was intimidated by the lawsuits myself, and sold it for the investing club. That was wrong. I regret listening to the Circe sirens."

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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.

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