During Monday's "Morning Meeting" for members, Jim Cramer said that J & J has the "best balance sheet in America."
According to projections from J & J and rival Medtronic (MDT), the robotics market captures a low 2% to 3% of global procedures.
In an economic slowdown, J & J is a solid name to own that can outperform the broader market.
We also like that J & J has consistently raised its dividend.
We rate J & J a 1 for the Club , meaning we would buy the stock at current levels given it aligns with our strategy.
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