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Should You Buy Kenvue Stock After Its 30% Plunge?

There hasn't been much good news lately for this Johnson & Johnson spinoff.Johnson & Johnson (JNJ 2.05%) spun off its consumer health unit as a separate entity in 2023. The new business, Kenvue (KVUE -0.77%), inherited a broad lineup of popular products, including Band-Aid adhesive bandages, Listerine mouthwash, Tylenol pain reliever, and Zyrtec allergy medicine. With an arsenal of household names in its lineup and a solid dividend, Kenvue seemed to be the kind of stock many income investors would love. How ...