Thursday, 25 May 2023

3 Stocks to Buy on the Dip in Healthcare and Consumer Goods

 


Three stocks from the healthcare and consumer goods sectors whose share prices fell more than 10% over the past week, but whose profitability isn’t a question mark:




UnitedHealth Group (UNH) is a diversified healthcare company that provides health insurance, medical care, and prescription drug coverage to millions of people in the United States. The company has a strong track record of profitability and growth, and it is well-positioned to benefit from the growing demand for healthcare services. UNH stock is down about 12% over the past week, but it is still trading at a reasonable valuation.



Johnson & Johnson (JNJ) is a multinational healthcare company that manufactures and sells a wide range of products, including pharmaceuticals, medical devices, and consumer products. JNJ is one of the most profitable companies in the world, and it has a long history of dividend growth. JNJ stock is down about 11% over the past week, but it is still trading near its all-time high.




Procter & Gamble (PG) is a multinational consumer goods company that manufactures and sells a wide range of products, including laundry detergent, toothpaste, and diapers. PG is one of the most recognizable brands in the world, and it has a strong track record of profitability and growth. PG stock is down about 10% over the past week, but it is still trading at a reasonable valuation.


Additional Information:


  • UnitedHealth Group (UNH) has a market capitalization of $440 billion, a price-to-earnings ratio of 19.5, and a dividend yield of 2.3%.

  • Johnson & Johnson (JNJ) has a market capitalization of $440 billion, a price-to-earnings ratio of 21.5, and a dividend yield of 2.9%.

  • Procter & Gamble (PG) has a market capitalization of $340 billion, a price-to-earnings ratio of 24.5, and a dividend yield of 2.6%.


Tips for Investors:


  • Do your own research before investing in any stock.

  • Diversify your portfolio by investing in a variety of stocks from different sectors.

  • Be patient and don't expect to get rich quick.

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