Zacks highlights commentary from People and Picks Member «RobMarketsBlind».
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JNJ: RTMB's latest purchase
RTMB's public record on this site's blog is a perfect 100%, all trades have been winners, no losers. RTMB has been posting these trades here for over a year now!
RTMB strategy is utilitizing a capital perservation approach with consistence and steady income growth. It's does this primarily by buying dividend paying stocks that has shown a proven record/history in strength, longevity, and ability to bounce back after an extended down market. The strategy also employs ultra conservation write options plays; that is, writing Put and Call options... and also hedges at times buying SPY puts.
Today we purchased Johnson & Johnson ([url=https://www.zacks.com/stock/quote/jnj]JNJ[/url]), adding it to our real account portfolio, at 63.40 a share.
JNJ's current dividend yield is 3.84%. It's ex-dividend date is two days from today (May 24). It pays the dividend on June 12. It's share price is currently at the lower end of it's support range.
JNJ has raised it's dividend for 50th straight years. It has raised it during years of recessions, market bubbles, and wars. JNJ has excellent free cash flow and a relatively low payout ratio. It is the biggest company in it's field. It was one of the very few companies to loss less than 10% during the 2008 recession. It's total returns last three years is 28%.
The most recent picks by «RobMarketsBlind» are:
A buy rating on Disney ([url=https://www.zacks.com/stock/quote/dis]DIS[/url]),
a buy rating on Abbott Labs ([url=https://www.zacks.com/stock/quote/abt]ABT[/url]) and
a buy rating on Church & Dwight ([url=https://www.zacks.com/stock/quote/chd]CHD[/url]).
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