Growing your wealth is always about playing defense.
And what better way to play defense than to own some of the best stocks selling all your daily essential products?
Even during the COVID-19 pandemic, these companies’ products are what people have been stocking up again and again.
What’s even better is that these businesses are much larger than most of our Singapore consumer companies, making them more resilient to crises.
Here are three US consumer stocks you need to know about right now.
Johnson & Johnson
Johnson & Johnson (NYSE: JNJ), or JNJ, is a US$403 billion healthcare giant and made more than US$80 billion in sales last year.
You may be familiar with some of its products like Johnson’s Baby Powder, Acuvue contact lenses and Clean & Clear facial foam, but JNJ does more than just sell consumer products.
For the third quarter of 2020, about 54% of JNJ sales come from pharmaceuticals, which includes...