Johnson & Johnson: Earnings Preview

10/11/17

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I've turned rather bullish on consumer brand giant Johnson & Johnson (JNJ) in the recent past after being quite bearish for some time. I've explained my change of heart before but the thrust of it is that after a very long consolidation, it looks like the fundamentals have caught up to the valuation. Heading into the Q3 earnings report due out next week, JNJ looks to be set to test its highs yet again but will it actually break through this time? Let's take a look at some factors that will help determine if this is just another bout of bouncing around inside its channel or if we'll see some real movement this time.

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