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Markets Reacting Badly to JNJ

2009-10-13

JNJ reported better than expected earnings of $1.20 versus street estimates of $1.13. They raised full year 2009 guidance from $4.52 to $4.54 – $4.59. Of course, the stock is down 2% in early trading.

Today’s video looks at JNJ based on fundamentals and evaluates what the change in guidance really means.

Best when viewed in full youtube screen.

Disclosure: Author Manages Portfolios Long JNJ

In the short run the market is a voting machine, in the long run it’s a weighing machine. In other words, short-term market reactions cannot be trusted.

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