The healthcare and pharmaceutical industries experience consistent demand due to factors such as an aging population, rising incidence of chronic illnesses, and the overall growth in the global population. In this context, backed by solid fundamentals and a strong market presence, two pharma stocks, Johnson & Johnson (JNJ) and Novartis AG (NVS), could be solid portfolio additions this month.
Although investing in pharma stocks can serve as a potential hedge against market volatility, not all stocks are worth including in your portfolio. Therefore, fundamentally weak pharma stock SNDL Inc. (SNDL) could be avoided.
