Top 5 Beauty and Health Stocks to Invest in 2021
The beauty and health industry is one of the fastest-growing industries in the world, with a projected global value of $716 billion by 2025 according to Euromonitor International. Investing in the beauty and health sector is a smart move for investors who want to diversify their portfolios and take advantage of this booming industry.
1. Johnson & Johnson (JNJ)
Johnson & Johnson is one of the largest companies in the world and is a leader in the healthcare industry, providing a range of consumer health and medical devices products. The company’s well-known brands include Band-Aid, Neutrogena, and Tylenol. As of March 2021, JNJ stock has a dividend yield of 2.56%, making it a stable investment for long-term investors.
2. Procter & Gamble (PG)
Procter & Gamble is a multinational consumer goods company that owns several well-known beauty and health brands such as Olay, Pantene, and Oral-B. The company’s focus on innovation and strategic acquisitions make it a strong investment option. PG stock has a dividend yield of 2.46%, indicating a stable long-term investment.
3. Estée Lauder (EL)
Estée Lauder is a global beauty company that owns several luxury beauty brands such as MAC, La Mer, and Jo Malone. The company’s focus on premiumization and the growing trend of luxury beauty products make EL stock an attractive investment for those looking for growth opportunities. As of March 2021, EL stock has a dividend yield of 0.78%, indicating a potential for growth in the future.
4. Amgen Inc. (AMGN)
Amgen is a biotechnology company that specializes in discovering, developing, and delivering innovative human therapeutics. The company’s biosimilar drugs help to lower healthcare costs and improve patient outcomes. AMGN stock has a dividend yield of 2.59%, making it a stable investment for long-term investors.
5. Novo Nordisk A/S (NVO)
Novo Nordisk is a pharmaceutical company that specializes in diabetes medications and treatments. The company’s focus on innovation and research and development makes it a strong investment option for those looking for exposure to the healthcare industry. NVO stock has a dividend yield of 1.99%, indicating a stable long-term investment.
Conclusion
Investing in the beauty and health sector is a wise choice for investors looking to diversify their portfolios. Johnson & Johnson, Procter & Gamble, Estée Lauder, Amgen Inc., and Novo Nordisk A/S are all strong investment options with a stable dividend yield and potential for growth in the future.
