3 Reasons Johnson & Johnson Is Still a Buy With Its Stock Near a Record High
This is not an exhaustive list.
Overview
Johnson & Johnson (NYSE: JNJ) seems to be firing on all cylinders. The company's financial results have been strong this year, leading to a solid stock market performance. Johnson & Johnson's shares aren't too far from their all-time highs right now. However, even at current levels, it's worth investing in the company, at least for investors focused on the long game. Let's consider three reasons why.
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Perhaps Johnson & Johnson shouldn't be performing as well as it is. After all, the company's core Innovative Medicine business is experiencing some troubles, including stiff competition -- biosimilar and otherwise -- as well as government-led drug price negotiations. These troubles could have prevented Johnson & Johnson's sales and earnings from moving in the right direction if it hadn't had such a deep and diversified lineup of medicines across various therapeutic areas. The challenges Johnson & Johnson is facing won't go away, but investors can be confident in the company's future because its pipeline suggests it can continue to launch innovative products fairly regularly.
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Originally published at www.fool.com.