Johnson & Johnson (NYSE:JNJ) is a name that I continue to be bullish on long-term as a dividend growth name. JNJ will not make you a millionaire overnight, but it grows the dividend and has delivered capital gains since I have been following it. It is a great name to own in a retirement account for decades. It is a name that most of you have products from in your home. On top of that the company continues to grow earnings. As a stock, I feel I can never go wrong recommending it. You just can't lose
I got behind JNJ because it is a stable, slow growing, safe play. For those on the sidelines, you have to pick your spots. The market gives you opportunities to get long the name on dips and when it does, you have to seize the opportunity. Of course, the name has rallied hard in the last 6 months, so it's time to wait for another pullback. The name has pulled back a few points, but when it does pullback further there will be big buys into the name. This is a pattern we have seen for decades. The name is a bit pricey here, but I have said many times that when the stock was $100 it was a buy. Well were up 20% from there but should you be holding? Well, the company just reported Q3 earnings that have caught my attention.
