Jim Cramer Shared His Thoughts on These 16 Stocks

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1. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 103

Johnson & Johnson (NYSE:JNJ) is one of the stocks Jim Cramer shared his thoughts on. Cramer noted how money managers are betting on an economic slowdown and remarked:

“So let’s talk about Procter & Gamble and then let’s talk about a pharma company, J&J. Now, here are two companies that have products that you buy, no matter what. You need toothpaste and medicine regardless of how the economy’s doing. J&J can thrive in a weak economy. If you look at the chart of the recent action, you might think it’s found maybe the fountain of youth. J&J deserves to be going higher, but not at this speed, not at this pace. It’s only rallying like this because a lot of money managers want to bet on a slowdown. They are passing on Eli Lilly now because it has a much higher price-to-earnings multiple, and those kinds of stocks are too risky to buy.”

Johnson & Johnson (NYSE:JNJ) develops and sells healthcare products, including pharmaceuticals and medical technologies, with treatments in immunology, oncology, neuroscience, cardiovascular care, and infectious diseases. In addition, the company provides surgical systems, orthopaedic solutions, cardiovascular devices, and vision care products.

While we acknowledge the potential of Johnson & Johnson (NYSE:JNJ) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JNJ and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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