Smart Money Is Fleeing Tech for Johnson & Johnson Ahead of the Next Market Storm
Key takeaways
- Reuben Gregg Brewer, The Motley Fool Sat, June 20, 2026 at 12:35 AM GMT+7 3 min read JNJ ^GSPC Technology stocks make up nearly 40% of the value of the S&P 500 index (SNPINDEX: ^GSPC).
- The interesting thing about J&J is that investors aren t giving up on innovation if they buy it.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
Reuben Gregg Brewer, The Motley Fool Sat, June 20, 2026 at 12:35 AM GMT+7 3 min read JNJ ^GSPC Technology stocks make up nearly 40% of the value of the S&P 500 index (SNPINDEX: ^GSPC). It isn t that technology is unimportant, but that its weighting is more than three times that of the next-largest sector in the index. It looks very much like Wall Street is leaning hard into technology, which could be a sign that it is time for smart investors to diversify away from tech. Johnson & Johnson (NYSE: JNJ) could be a good alternative.
The interesting thing about J&J is that investors aren t giving up on innovation if they buy it. Johnson & Johnson is one of the world s largest healthcare companies, with sizable operations in the pharmaceutical and medical device markets. Both sides of its business are driven by research and development, with intense competition the norm. Simply put, J&J has to be innovative to remain competitive.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »