Billionaire Ken Fisher’s Top Stock Picks Heading Into 2019

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7. Johnson & Johnson (NYSE:JNJ)

– Shares Owned by Fisher Asset Management (as of September 30): 11.26 million
– Value of Fisher Asset Management’s Holding (as of September 30):
$1.56 billion

Johnson & Johnson (NYSE:JNJ) was the only stock among Fisher Investments’ top 20 holdings that the firm sold shares of during Q3, unloading 1.86 million of them, which represented a 14% decrease quarter-over-quarter. JNJ lost a recent patent battle over prostate cancer treatment Zytiga, the sales of which could now decline by 50% in Q4 according to Morgan Stanley, due to competition from new generics.

Follow Johnson & Johnson (NYSE:JNJ)

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