5 Best Investments During A Recession

2. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88

Johnson & Johnson (NYSE:JNJ) engages in the global research, development, manufacturing, and sale of diverse and innovative products within the healthcare sector. It is one of the best recession stocks to invest in. On July 20, Johnson & Johnson (NYSE:JNJ) reported a Q2 non-GAAP EPS of $2.80, beating Wall Street estimates by $0.18. The revenue of $25.53 billion increased 6.4% year-over-year, surpassing market expectations by $860 million.

As per Insider Monkey’s second quarter database, 88 hedge funds were bullish on Johnson & Johnson (NYSE:JNJ), as compared to 86 in the prior quarter. Ray Dalio’s Bridgewater Associates is a prominent position holder in the company, with 3.18 million shares worth $526.5 million. 

ClearBridge Large Cap Value Strategy made the following comment about Johnson & Johnson (NYSE:JNJ) in its first quarter 2023 investor letter:

“The tech-dominated quarter was a headwind for both defensive and cyclical sectors, with shares of health care holdings such as UnitedHealth Group (UNH), Elevance (ELV) and Johnson & Johnson (NYSE:JNJ) declining after a strong 2022.”