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Companies in Focus: Loblaw, Johnson & Johnson

Published November 14, 2022

“With a recession on the horizon, consumers will be looking to save money. Eating at home more often compared to dining-out will be a thing. Loblaw will benefit from this trade-down effect.”

Loblaw (TSE: L)

A Canadian retailer encompassing supermarkets, pharmacies, banking, and apparel.

  • Well-positioned to benefit from discounted grocery brands and return to back-at-home consumption behaviour post pandemic as inflationary environment lingers
  • Grown their dividend per share by 7.5% over the past 5 years. 

Johnson & Johnson (NYSE: JNJ)

An American multinational corporation that develops medical devices, pharmaceuticals, and consumer packaged goods.

  • Sustainable growth from patients consuming life-saving medications and Over The Counter brands (ex. Tylenol) no matter the economic environment
  • Raised their dividend for 60 consecutive years

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