Keep JNJ or Sweep It?
I took a swing at Johnson & Johnson as part of a portfolio check-up over the weekend. I hold JNJ for growing dividend income. It has been, and still is, a good holding for that, but there were a few other healthcare holdings that stacked up pretty well.
JNJ is the fifth most rated stock in CAPS and sports 5-stars, so I'm guessing some may disagree with the 'sweep it' conclusion.
To make a short story even shorter, I think JNJ is a very good dividend income investment, but there are a couple of other healthcare stocks that look a little more attractive for that role.
Also, I'm curious if people like the 'Keep It or Sweep It' article type. The first one I did for Cisco rated higher than my usual scribblings. If it's a dud, I'll sweep it; if people like it, I'll look for more opportunities to keep it.
Will selling JNJ be a mistake? Should I keep or sweep 'keep it or sweep it'? Share your thoughts here or at the article.
Disclosure: Long JNJ, but plan on easing out of it after the Fool disclosure policy no trade window opens for me.