Jim Cramer on Johnson & Johnson Stock: Litigation, Yield, and Fundamentals

Johnson & Johnson Stock Analysis

• 💡 Johnson & Johnson (J&J) is highlighted as a stock with good yield and fundamentals, recommended by Goldman Sachs.
• 🎯 Despite recent price drops, Cramer suggests it might be a good time for investors to consider buying.

TAC Litigation Concerns

• ⚠️ The TAC litigation is acknowledged as a significant blow, with initial settlements potentially costing around $10 billion.
• ⚖️ However, Cramer expresses confidence that J&J will ultimately fare well, noting that they haven't lost any suits since the initial loss in Missouri, which is considered a very unfavorable jurisdiction.
• 📈 While the stock has been a drag, Cramer believes J&J can fight each case, even if it incurs costs, as only one plaintiff is reportedly holding out.

Other Stock Mentions

• 🚀 On the "big show," Cramer plans to discuss Rubric, Crowd Strike, and Viking.
• 🚢 He humorously mentions winning a river cruise to Bruges at an auction, which he plans to take.