Johnson & Johnson reported generally good Q1 results though sales continue to struggle due to currency impacts.
The stock rally has the yields shrinking to levels usually signaling a top.
The current valuation of Johnson & Johnson provides limited upside and the company isn't signaling any reason to own the stock at these levels.
Before the open, Johnson & Johnson (NYSE:JNJ) reported Q1 results that generally excited the market and sent the stock to new highs. The numbers though weren't that great and investors might need to curb there enthusiasm.