OGS - MoneyShow's Best Investment Ideas For 2024: Part 6

2024-02-01 10:45:00 ET

Summary

• MoneyShow presents top investment ideas for 2024 from their contributors.
• This year’s edition presents a broad mix of conservative income stocks, more speculative but potentially more rewarding growth stocks, as well as ETF recommendations that target commodities, cryptocurrencies, and fixed income.
• Part 6 of this series includes Johnson & Johnson, Marathon Digital, New Fortress Energy, Nvidia and ONE Gas, among others.

MoneyShow’s top contributing analysts, strategists, and newsletter editors share their investment recommendations for the year ahead. See Part 5 here .

Johnson & Johnson

By Larry Cheung, Founder of Letters from Larry

Johnson & Johnson ( JNJ ), a globally recognized leader in healthcare, presents a compelling value investment proposition due to its diversified presence across major healthcare industries. As the world’s largest and most diverse healthcare firm, JNJ’s operations span pharmaceuticals, medical devices, and consumer healthcare products.

The pharmaceutical division, contributing close to 50% of total revenue, boasts several industry-leading drugs in areas like immunology and oncology. The medical device group, accounting for almost a third of the company’s sales, maintains controlling positions in several areas, including orthopedics. Additionally, JNJ’s consumer division, though slated for partial divestment, has traditionally rounded out its robust product lineup.

JNJ’s strong R&D efforts are a critical pillar of its long-term growth strategy. The company has a track record of launching new blockbuster drugs and is committed to increasing the number of meaningful drugs in late-stage development to support long-term growth....

For further details see: