Is Johnson & Johnson (JNJ) the Best Medical Device Stock to Buy Now?
From Yahoo Finance: 2025-05-09 06:33:00
In a recent article, Insider Monkey listed the 11 Best Medical Device Stocks to Buy Now, with a focus on Johnson & Johnson (NYSE: JNJ). Trump’s tariffs have created a divide in the medical community, impacting device makers and protective gear manufacturers differently. The duties could raise costs for hospitals and patients, affecting critical care access.
The tariffs imposed by President Trump have increased the total tariff rate on Chinese goods to 145%, leading to challenges for hospitals and organizations buying medical equipment. The rising expenses from tariffs could not be offset by increasing prices due to existing insurance coverage contracts, causing complications in passing on higher costs.
Johnson & Johnson (NYSE: JNJ) is ranked 3rd on the list of best medical device stocks to buy now. The company’s TAR-200 platform for bladder cancer treatment has shown promising developments, with strong data supporting its potential as a preferred treatment option. JNJ plans to seek strategic approval in 2026, further justifying its buy rating.
Read more at Yahoo Finance: Is Johnson & Johnson (JNJ) the Best Medical Device Stock to Buy Now?