10 Best Stocks to Buy According to Billionaire Ray Dalio

7. Johnson & Johnson (NYSE:JNJ)

Total Number of Shares Owned: 3,204,305

Total Value of Shares Owned: $468,341,219

Number of Hedge Fund Investors: 80

Johnson & Johnson (NYSE:JNJ) ranks 7th in our list of the 10 best stocks to buy according to billionaire Ray Dalio. In Q2 2024, Johnson & Johnson (NYSE:JNJ) reported revenues of $21.1 billion, a 6% increase from last year, with net income at $5.2 billion. This growth was primarily driven by solid performance in its pharmaceuticals and medical devices divisions, which have remained resilient despite market challenges.

A major factor in Johnson & Johnson (NYSE:JNJ)’s success is its strong pipeline of innovative products, especially in immunology and oncology, with a recent approval for a new cancer treatment expected to boost sales. Johnson & Johnson (NYSE:JNJ)  is also focusing on expanding in emerging markets, where the demand for healthcare products is growing quickly. Additionally, Johnson & Johnson (NYSE:JNJ)  is committed to sustainability and corporate responsibility, setting goals to reduce its environmental impact and improve access to healthcare, which appeals to socially conscious investors.

Bridgewater’s stake in Johnson & Johnson (NYSE:JNJ) includes 3,204,305 shares, valued at $468.3 million.