Thursday, March 29, 2007
Johnson And Johnson - Easy Money?
While the market continues to slide up and down and is largely flat for the year, one stock Johnson and Johnson seems to have bottomed and leveled off at 60. Stock symbol, JNJ. I like this stock number one because of its price. I think its a value at this level. I also like it because it is so well diversified and lets face it, we all have a johnson and johnson product somewhere in our house. If and when the market falls into recession, johnson and johnson should stand up well as we all will continue to purchase their products as they make necessities. I think Johnson and Johnson has an upside of 10 to 12% over the next six months and possibly as much as 20% in the next year. In the meantime, you can enjoy a 2% dividend. As always do your own research.