Jim Cramer on Johnson & Johnson: “It Should Have Gone Higher, But It Just Shows You How Hard It Is to Buck Stagflation Theories”

Johnson & Johnson (NYSE:JNJ) is one of Jim Cramer’s latest stock calls as he shared how to navigate Wednesday’s tough tape. Cramer believes that the stock should have gone higher, as he stated: What can you do on days like today? Well, the investing club… We like to buy, not big, but we’re not sellers. Why? Couple of reasons. We now think that Iran’s response could be more anemic than its previous barrage of pain. We’re going to find out soon enough though. We also like the stock market… when it’s oversol ...