Johnson and Johnson: A Safe Haven in Recession
In general, a recession occurs when the economy declines because people are buying fewer goods and services. With temporary business closures all over the world, recession fears loom large on the horizon, and investors are looking for the safest possible places for their hard-earned money.
Since not all stocks suffer equally during a recession, it pays to identify companies with demonstrated resilience. Johnson and Johnson (NYSE: JNJ) has not only survived six recessions in its 133-year history, it has thrived.
Johnson and Johnson, an icon in healthcare, runs a diversified business made up of three segments: pharmaceuticals, medical devices, and consumer products. It's likely you use the company's brands, such as Tylenol, Listerine, Band-Aid, and Neutrogena, several times a week.
Source Fool.com
