Investing in Safe Stocks: J&J, NextEra, Church & Dwight

247WallSt.com lists three quality safe/defensive stocks to add to your portfolio, those stocks include Church & Dwight Co. Inc. (NYSE:CHD), Johnson & Johnson (NYSE:JNJ), and NextEra Energy, Inc. (NYSE:NEE).

Investors are looking for safe haven stocks that won’t get killed if we are into another bear market.  In this case, investors usually flock to defensive stock names during a bear market or when they are concerned that the market may not run much more. The recent wave of selling pressure is making many investors rethink their technology and growth investments as the recovery has started to slow considerably.  Defensive stocks should be the winners in uncertainty, particularly as bond yields are next to non-existent.

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24/7 Wall Street looked through some of our existing go-to stocks in the defensive stock sector to find some stocks that are likely to hold up if the stock market pressure continues to push stocks lower.  Our screening process has us looking at Church & Dwight Co. Inc. (NYSE: CHD), Johnson & Johnson (NYSE: JNJ), and NextEra Energy, Inc. (NYSE: NEE) in our latest round of defensive picks.

Note that Johnson & Johnson (JNJ) shares have traded between $56.86 and $66.2 over the past 12 months.  J&J shares are now trading with a P/E Ratio of 12.2 and EPS of 4.84. Johnson & Johnson 's current market cap is $159.9 billion and its shares are just 2.03% from its 52-week low.

Not all defensive stocks are created equal and some are more attractive or less attractive through time when compared to their peers.  We wanted to look through our defensive stocks universe and pick out names which offer safety but also those which have grown and are expected to keep growing earnings and revenues from 2010 to 2011.  We have also looked for stocks in today’s screen that have already seen their shares pull back off of highs enough that even another tailspin won’t likely steal too much from investors’ piggy banks.

Read more: 3 Safe Defensive Stocks For A Bear Market (CHD, JNJ, NEE) - 24/7 Wall St. http://247wallst.com/2010/08/24/3-safe-defensive-stocks-for-a-bear-market-chd-jnj-nee/#ixzz0xXTg4XFS