10 Best Soaps and Cleaning Materials Stocks to Invest In

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1. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 81

Johnson & Johnson (NYSE:JNJ) develops and manufactures various products in the healthcare industry and sells baby soaps through its brand, Johnson Baby.

It reported sales growth of 5.2% to $22.5 billion in fiscal Q3 2024, with an operational increase of 6.3%. Its worldwide sales for fiscal Q3 2024 were $22.5 billion. Sales grew by 6.3%, with a growth of 7.6% recorded in the United States and 4.6% outside the US. Divestitures and acquisitions positively impacted the company’s worldwide growth by 90 basis points.

On January 13, the company announced the acquisition of Intra-Cellular Therapies, Inc. (NASDAQ:ITCI) to strengthen its leadership in neuroscience. It has thus become a broadly diversified pharmaceutical and medtech company. In fiscal 2024, the company invested $18 billion in high-innovation, high-growth M&A. It is also continuing to strategically invest in research and development at competitive levels, investing around $5 billion, or 22% of its sales.

Johnson & Johnson’s (NYSE:JNJ) high innovation and high growth strategy is working, and its quarterly progress corroborates that. For the third quarter in a row, it has increased its adjusted operational EPS guidance pre-M&A. Based on its operations, the company exhibits confidence in its growth expectations for 2025 through the decade’s end and beyond.

ClearBridge Investments made the following comment about Johnson & Johnson (NYSE:JNJ) in its Q3 2023 investor letter:

“The health care space provided some opportunities in the quarter, as we increased our exposure to medical device company Becton, Dickinson as well as large-cap pharmaceutical company Johnson & Johnson (NYSE:JNJ). Johnson & Johnson recently spun out its consumer health care business, becoming a more focused yet broadly diversified pharmaceutical and medtech company.”

Overall, JNJ ranks first among the 10 best soaps and cleaning materials stocks to invest in. While we acknowledge the potential of soaps and cleaning materials stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JNJ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now  and 30 Most Important AI Stocks According to BlackRock.

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