Johnson & Johnson Is A Safe Pick In A Dangerous Market

As I wrote earlier this year, I’m long-term bullish on this market, but stretched valuations in certain parts of the market, like cloud stocks and social media stocks, are at major risk of blowing up. With many momentum stocks appearing to peter out, investors could do a lot worse than investing in a blue chip stock like Johnson & Johnson (JNJ: ~$98/share) when it’s valued at such a cheap price.