Johnson & Johnson At 52-Week Lows: Is It Attractive?

Summary:

  • Johnson & Johnson has seen its shares drop to a 52-week low.
  • The company is well-prepared to weather a potential recession.
  • Shares are inexpensive and offer an above-average dividend yield.
Bull and bear shape writing by lines and dots.

sutthirat sutthisumdang

Article Thesis

Johnson & Johnson (NYSE:JNJ) has seen its shares drop to a new 52-week low this week. The company offers a safe and steadily growing dividend, and its business model makes it resilient versus recessions and other macro crises. Overall, I believe


Disclosure: I/we have a beneficial long position in the shares of JNJ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.


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