Motley Fool Money 2 Blue Chips Under Pressure
Jan 24, 2023
Asit Sharma, a senior analyst at Motley Fool, shares insights into Johnson & Johnson's recent profit drop and its promising balance of pharma and medtech. He also discusses 3M's ongoing challenges and the potential benefits of shifting towards consumer solutions. Alison Southwick answers listener questions on retirement savings, emphasizing the importance of diversification and risk management. They explore opportunities in undervalued stocks and suggest allocating part of your portfolio to international markets for better growth.
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3M's Diverse Business
- 3M’s diverse business segments, from consumer adhesives to healthcare, are impacted by various economic factors.
- This makes it hard for them to achieve high growth when only some sectors are doing well.
3M's Challenges in 2023
- 3M anticipates macroeconomic challenges will continue through 2023, impacting their stock.
- 3M is cutting 2,500 jobs (over 2.5% of its workforce) after a weak quarter.
International Stock Exposure
- Diversify your portfolio with international stocks using ETFs like Vanguard Total International Stock Market ETF.
- Although the US has outperformed recently, international markets offer growth and value opportunities.