5 Popular Stocks to Buy Right Now

In this article, we discuss the 10 popular stocks to buy right now. If you want to read our detailed analysis of these stocks, go directly to the 10 Popular Stocks to Buy Right Now.

5. Johnson & Johnson (NYSE: JNJ)

Number of Hedge Fund Holders: 81

Johnson & Johnson (NYSE: JNJ) ranks 5th on the list of the 10 popular stocks to buy right now. The multinational healthcare company based in New Jersey offers products ranging from baby care, skin care, nutrition, women’s health, etc. The company has over 250 subsidiaries and 78,000 suppliers worldwide. 

Earlier this year, Johnson & Johnson (NYSE: JNJ) announced that their single-dose COVID-19 vaccine sustained action against the Delta variant of SARS-CoV-2 and other widely distributed SARS-CoV-2 viral variants. Furthermore, the data revealed that the immune response was durable for at least eight months. Shares on Johnson & Johnson (NYSE: JNJ) rose 9% year to date. 

On May 28, Morgan Stanley analyst David Risinger assumed coverage on Johnson & Johnson (NYSE: JNJ) with an Overweight rating and price target of $187 per share, stating that the pharmaceutical industry’s momentum should continue to be robust.

The company has a market cap of $453.47 billion and offers a dividend yield of 2.46%. In the first quarter of 2021, Johnson & Johnson (NYSE: JNJ) reported an adjusted EPS of $1.47, beating estimates by $1.16. In the fiscal second quarter, the company reported an adjusted EPS of $2.48, bearing consensus estimates of $2.27. The company’s fiscal second-quarter revenue was $23.21, beating a consensus of $22.19 billion. The stock has gained 18% in the last twelve months.

At the end of the first quarter of 2021, 81 hedge funds in the database of Insider Monkey held stakes worth $6.9 billion in Johnson & Johnson (NYSE: JNJ).