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Johnson & Johnson (JNJ) [hlAlert]

Rating:
Buy JNJ
up 63.02 %

Cramer's Top Five Dow Stocks: Johnson & Johnson

Posted on: Saturday,  Jan 10, 2009  10:07 AM ET by Cramer Dow picks for 2009

Cramer Dow picks for 2009 rated Buy Johnson & Johnson (NYSE: JNJ) on 01/08/2009, when the stock price was $59.02.
Since then, Johnson & Johnson has gained 63.03% as of 12/01/2015's recent price of $96.22.
If you would have followed this Cramer Dow picks for 2009's recommendation on JNJ, you would have gained 63.02% of your investment in 2518 days.

Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. The company's worldwide business is divided into three segments: Consumer; Pharmaceutical; and Professional.

Jim Cramer is optimistic on the stock market for 2009. According to his analysis, the Dow Jones Industrial Average could produce a gain of 13.1% this year based on his predictions for the 30 components of the Dow. That’s not exactly a huge gain, but it’s also not something investors should sneeze at. Cramer thinks 2009 will be a tough year to call because he believes it will be split into two halves: the pre-bottom in housing and the post-bottom. Cramer hopes that President-elect Barack Obama will do whatever it takes to stimulate the economy and avoid 10% unemployment for the American workforce. However, if the economy falters and unemployment breaches 10%, then Cramer’s bullish view might not play out. Bottom line: Pay attention to unemployment and housing in 2009 because it will most likely determine the direction of the U.S. stock market. Recently, Cramer found some opportunities in infrastructure stocks that benefit from China’s stimulus plan, big drillers that could be short sales and his top five Dow stocks for the new year. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/8/2009 4:00 PM Buy
None
59.02
as of 12/31/2009
1 Week down  -3.15 %
1 Month down  -0.28 %
3 Months up  2.90 %
1 YTD up  6.16 %

(*) Stock Price at the time of the recommendation.
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