J&J: Some Good News, But Here's Why It's Dropped A Level Or Two

7/20/17

Introduction

Johnson & Johnson (JNJ) had an unimpressive quarter and guided down. Yet the stock moved up, participating in the strong global rally that equities are enjoying.

I'd like to provide a concise summary of my updated analyses of different aspects of this behemoth, explaining why I've moved on to other names in the sector, beginning with a brief discussion of Q2. While there is lots of detailed information on specific product sales in the press release, I'll focus more on the points management made in the slide show.

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