5 Best Large Cap Stocks to Buy Now

In this article, we discuss 5 best large cap stocks to buy now. If you want to read about some more large cap stocks, go directly to 11 Best Large Cap Stocks to Buy Now.

5. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 83

Johnson & Johnson (NYSE:JNJ) researches and develops, manufactures, and sells various products in the healthcare field. It is one of the best large cap stocks to invest in. On October 13, Johnson & Johnson’s unit, Biosense Webster, said that it has launched the Heliostar Balloon Ablation Catheter in Europe. Heliostar Balloon is indicated for use in catheter-based cardiac electrophysiological mapping of the atria. 

On October 5, Citi analyst Joanne Wuensch maintained a Buy rating on Johnson & Johnson (NYSE:JNJ) stock and lowered the price target to $198 from $201, noting that despite macroeconomic headwinds, hospital staffing remains stable.

In its Q2 2022 investor letter, Mayar Capital, an asset management firm, highlighted a few stocks and Johnson & Johnson (NYSE:JNJ) was one of them. Here is what the fund said:

“Johnson & Johnson (NYSE:JNJ) is currently our largest position and a long-standing holding. The majority of the group’s sales comes from its collection of pharmaceutical franchises, but a large majority (~45%) comes from its collection of medical device businesses and its consumer brands.

Here’s how JNJ make and spend a dollar of revenues: As of 2021, about 55 cents of that dollar comes from its pharmaceutical sales – sales of drugs to pharmacies and distributors – while 30 cents come from the sale of medical devices, such as surgery equipment and orthopaedics. The rest of that dollar in sales comes from sales of JNJ’s consumer brands such as Listerine mouthwash, Nicorette nicotine tablets and Neutrogena cosmetics (…read more)