The hedge fund legend has spoken. Pay attention.
Shares of Johnson & Johnson (NYSE: JNJ) defied the overall market downturn on Thursday, with its shares rising 1.7% higher as of the market close. Instead, investors appeared to favor relatively stable stocks such as J&J on a day when small-cap and tech stocks took a drubbing. After today's gain, J&J's shares are still down around 2.5% year to date.
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