In this article, we discuss 5 best ethical stocks to buy now. If you want to check out some more of the best ethical stocks in the world, go directly to 12 Best Ethical Stocks To Buy Now.
5. Eli Lilly and Company (NYSE:LLY)
Number of Hedge Fund Holders: 70
Eli Lilly and Company (NYSE:LLY) discovers, develops and markets human pharmaceuticals worldwide. The company is an ethics stock because it has a substantial pipeline including lebrikizumab and tirzepatide as well as mirikizumab. In Q2 2022, Eli Lilly and Company (NYSE:LLY) had adjusted EPS earnings per share of $1.25. 70 hedge funds were long Eli Lilly and Company (NYSE:LLY) worth $6.72 billion at the end of the second quarter. Baron Health Care Fund said the following in its Q1 2022 investor letter about Eli Lilly and Company (NYSE:LLY),
“Eli Lilly and Company (NYSE:LLY) is a global pharmaceutical company with a diverse offering primarily focused on therapeutics. Performance was strong mostly due to consistent financial growth powered by its core diabetes (and future obesity) franchise, as well as the constant drumbeat surrounding the Alzheimer’s therapeutic market, of which Eli Lilly has one of the three potential winning blockbuster candidates in Donanemab. We retain conviction in Eli Lilly given the company’s strong long-term growth outlook.”
4. AbbVie Inc. (NYSE:ABBV)
Number of Hedge Fund Holders: 71
AbbVie Inc. (NYSE:ABBV) discovers, develops, manufactures and sells pharmaceuticals worldwide. The company is considered an ethics stock as it has a substantial pipeline including potential therapies in blood cancer treatment. With a market capitalization of almost $250 billion and 2021 net income of $11.5 billion, AbbVie Inc. (NYSE:ABBV) also has considerable financial resources for research and development. 71 hedge funds we track were long AbbVie Inc. (NYSE:ABBV) at the end of Q2, ranking it #4 on our list of 12 Best Ethical Stocks To Buy Now.
3. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 72
Tesla, Inc. (NASDAQ:TSLA) is a leading electric vehicle manufacturer that also manufactures and sells battery energy storage and solar panels. Tesla, Inc. (NASDAQ:TSLA) is considered as one of the best ethics stocks because the company’s electric vehicles and solar panels could help fight climate change, which could in turn prevent weather disasters. The company could also potentially be a leader in autonomous driving, which could be a huge market that helps justify Tesla, Inc. (NASDAQ:TSLA)’s current market capitalization of almost $700 billion. 72 hedge funds we track were long Tesla, Inc. (NASDAQ:TSLA) at the end of Q2.
2. Merck & Co., Inc. (NYSE:MRK)
Number of Hedge Fund Holders: 79
Merck & Co., Inc. (NYSE:MRK) is a healthcare company with two segments, Pharmaceutical and Animal Health. Merck & Co., Inc. (NYSE:MRK)’s pharmaceutical segment offers products in areas such as oncology, hospital acute care, immunology, neuroscience and more. With net income in 2021 of over $13 billion, Merck & Co., Inc. (NYSE:MRK) has substantial resources to continue research and development in oncology, hospital acute care, immunology and more. 79 hedge funds in our database were long Merck & Co., Inc. (NYSE:MRK) at the end of Q2.
1. Johnson & Johnson (NYSE:JNJ)
Number of Hedge Fund Holders: 83
Johnson & Johnson (NYSE:JNJ) researches and develops and sells products in various healthcare fields worldwide. The company’s pharmaceutical segment offers products and researches products for rheumatoid arthritis, inflammatory bowel disease, psoriasis and much more. Given its huge market cap of over $420 billion and 2021 net income of almost $20.9 billion, Johnson & Johnson (NYSE:JNJ) has considerable financial resources to research and develop potential treatments. Despite the weak market, shares of Johnson & Johnson (NYSE:JNJ) are down slightly over 6% year to date. 83 hedge funds we track were also long Johnson & Johnson (NYSE:JNJ) at the end of Q2, making it #1 on our list of 12 Best Ethical Stocks To Buy Now.
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