15 Stocks Jim Cramer Commented On

5. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 91

Johnson & Johnson (NYSE:JNJ) is one of the stocks Jim Cramer commented on. Cramer mentioned that the company’s business is the “only hot area of healthcare” at the moment. He said:

“Only Johnson & Johnson seems to be above that fray. But I think that’s in, in part because it’s a medical device maker. That’s the only hot area of healthcare right now.”

Johnson & Johnson (NYSE:JNJ) researches, develops, and sells pharmaceuticals, medical devices, and surgical products across areas, including immunology, oncology, neuroscience, cardiovascular care, and vision. Cramer mentioned the stock in the July 22 episode and commented:

“Sometimes you get these days where it feels like the market has returned to some semblance of what you’re used to when things get shaky. I mean, these are the days when J&J will reign supreme… My guess is that there’ll be maybe two or even maybe three days where interest rates are lower. This was day one, and you have to wait as the food and drug analysts come out from under the table and start bragging loudly about their flock and about how it’s time to buy. That’s what those guys always do… Which analysts are going to resist going out positive on J&J, which has moved up every day seemingly since the last quarter, maybe since they announced that quarter. Maybe the food analysts can talk up mergers… They’re reasonable presumptions, and they’ll preclude a serious tech rally or a speculative surge. Hear what I said, preclude. It’s still too early to buy the momentum stocks.”