Investing Club: Why Johnson & Johnson can outperform in a economic slowdown — and is a buy
The broader markets are taking a beating Friday after the May consumer price Index report — a key measure of inflation — came in hotter than expected. With inflation stubbornly raging still at four-decade highs and calls for the Federal Reserve to act faster to stamp out inflation getting louder, we continue to believe the prudent way to position your portfolio is to focus on profitable companies that can increase dividends, repurchase stock, and trade at reasonable valuations.
A bottle of Johnson & Johnson's brand lotion for sale at a pharmacy in Salt Lake City, Utah, on Thursday, Feb. 25, 2021.
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