Safety Stocks: Disney, Johnson & Johnson, and Merck
Where to put your money? Think health care and drugs, companies like Merck & Co., Inc. (NYSE:MRK) and Johnson & Johnson (NYSE:JNJ). Should the pain continue think The Walt Disney Co.(NYSE:DIS) and other high quality stocks.
Johnson & Johnson (JNJ) shares have a 12 month range between $55.71 and its 52-week high of $66.20. Johnson & Johnson shares are now trading with a P/E Ratio of 12.5 and EPS of 4.76. Heading into the close J&J shares are just down .3% and are at $59.23.
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Merck & Co Inc (MRK) shares are down just 1.3% to $35.45. MRK shares have traded between $30.70 and $41.56 over the past 12 months. Merck & Co Inc shares are now trading with a P/E Ratio of 7.5 and EPS of 4.79.
As stocks continue to drop, think high quality names like Disney (NYSE:DIS), now trading at $32 a share, its 12 month range is from $22 to $37.98 and its P/E comes in today at 16.89 with a 1.08% dividend yield.