Market Wrap - Stock Pick — Johnson & Johnson
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Caroline Cremen from Adviceworx chose Johnson & Johnson as her stock pick of the day.
"If you haven't got your money out the country yet now is a good time to actually do it. The rand is at a fantastic level even though the offshore markets are just very expensive at this point, use the downturn to start to invest in blue chip dividend producing stocks. So the stock I've chosen this evening is Johnson & Johnson. It's always had an increasing dividend its dividend is going to be very stable even if there is a downturn, and if there is a downturn, you're protected by the dividend because you can use the dividend to increase your stake in the company and markets inevitably go back up so a nice one to start to a blue chip for your portfolio."
"If you haven't got your money out the country yet now is a good time to actually do it. The rand is at a fantastic level even though the offshore markets are just very expensive at this point, use the downturn to start to invest in blue chip dividend producing stocks. So the stock I've chosen this evening is Johnson & Johnson. It's always had an increasing dividend its dividend is going to be very stable even if there is a downturn, and if there is a downturn, you're protected by the dividend because you can use the dividend to increase your stake in the company and markets inevitably go back up so a nice one to start to a blue chip for your portfolio."
