2023-11-16 05:50:00 ET
If you were looking for a new restaurant to try out, a famous chef's recommendation would probably carry a lot of weight. If you wanted to find an up-and-coming singer to listen to, you'd likely check out an artist that a legendary musician suggested.
But what if you're looking for stocks to buy? Maybe you could find out which stocks a well-known company that has been successful for a long time really likes -- a company such as Johnson & Johnson (NYSE: JNJ) . The good news is that we only have to look at the healthcare giant's 13F regulatory filings. Here are the three stocks that J&J is betting the most on.
As of Sept. 30, 2023, Johnson & Johnson's biggest investment was in Legend Biotech (NASDAQ: LEGN) . J&J's stake in the small biopharmaceutical company was worth more than $54.7 million.
For further details see:
Looking for Stocks to Buy? Here Are the Companies Johnson & Johnson Is Betting the Most On