5 Best Recession Stocks to Buy According to Jim Cramer

Page 5 of 5

1. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 83

Johnson & Johnson (NYSE:JNJ) makes and sells healthcare products. Cramer gave the stock a Buy recommendation during the Discussed Stock segment of his show on May 2. The journalist investor had previously noted that the firm was one of the great American firms and that investors will not have time to buy the shares at such great prices if inflation were to fall. 

On May 23, SVB Leerink analyst David Risinger assumed coverage of Johnson & Johnson (NYSE:JNJ) stock with an Outperform rating and a price target of $200, backing the firm to deliver consistent earnings growth to investors. 

At the end of the first quarter of 2022, 83 hedge funds in the database of Insider Monkey held stakes worth $7.4 billion in Johnson & Johnson (NYSE:JNJ), the same as in the previous quarter worth $7.3 billion.

You can also take a peek at 10 Russell 2000 Basic Materials Dividend Stocks to Buy and 10 Utilities Stocks with Over 3% Dividend Yield.

Page 5 of 5