Johnson & Johnson: Don't Get Too Excited
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.
Read the full article on Seeking Alpha.
Disclosure: No positions mentioned. Please read the disclaimer page for more details.