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How to Trade Johnson & Johnson Stock After the Report

After Johnson & Johnson’s  (JNJ) – Get Report earnings report beat estimates, the stock opened higher and gapped above its quarterly and monthly pivots at $139.66 and $140.61. 

This strength is supported by a positive weekly chart.

J&J extended its earnings-per-share winning streak to 31 consecutive quarters. But the health-care giant and component of the Dow Jones Industrial Average also said the coronavirus pandemic will hurt its full-year guidance. 

Boosting its dividend was a positive. Here’s the coverage of this earnings report as compiled by TheStreet.com.

At today’s open at $145.42, the stock is down 0.3% year to date but is in bull-market territory 33% above its March 23 low of $109.16. J&J is 5.9% below its Feb. 6 all-time intraday high of $154.50.

The stock is recovering from a bear-market decline of 29% from its all-time high of $154.50 to its March 23 low of $109.16.

The stock is reasonably priced, with a p/e multiple just above 16 and a dividend yield of 2.69%, according to Macrotrends.


Credits: Thestreet

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