I chose Johnson & Johnson as a safe heaven in stormy markets.
We discussed about it last week’s post and we seem to agree JNJ is a nice stock. Its health care brands like AVEENO, BAND-AID, CAREFREE, NICORETTE and others, are very strong even in the unlikely event of a global recession.
JNJ has excellent numbers:
- Forward P/E 14 seems reasonably priced
- It is growing: Qtrly Revenue Growth (yoy) 13.20%, Qtrly Earnings Growth (yoy):9.30%
- It hardly has debts
- Last but not least It yields juicy 2.7% dividends.
I bought 16 JNJ Johnson & Johnson paying $61.85 each spending a total amount of $990
BUY, SELL, KEEP 
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