Starter Stock Portfolio: 5 Safe Stocks To Buy

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In this article, we will take a look at the 5 safe stocks to buy for starters. To see more such companies, go directly to Starter Stock Portfolio: 15 Safe Stocks To Buy.

5. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 84

About six decades of consistent dividend increases and a solid business make Johnson & Johnson (NYSE:JNJ) one of the safest stocks for any starter stock portfolio. BofA recently ran three screens to identify what it called “sleep at night” stocks for those who want to avoid risks. Johnson & Johnson (NYSE:JNJ) made it to the dividend growers screen.

At the end of the last quarter of 2022, 84 hedge funds had stakes in Johnson & Johnson (NYSE:JNJ), as per Insider Monkey’s database of 943 hedge funds. The biggest stakeholder of Johnson & Johnson (NYSE:JNJ) was Ray Dalio’s Bridgewater Associates which owns a $630 million stake in the company.

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