JnJ do you like this stock?
Answers: if you're a long-term investor, JNJ is a good solid stock. They're quite diversified, have a solid management team, and excellent cash flow, and also have a AAA credit rating. The trailing P/E is 19 but the forward (next year's) P/E is 14.5 because of their record of growth in earnings. They will be an excellent defensive stock if the economy continues to tumble.
Morningstar's estimate of a fair value price is $80 while today the price is around $68. Morningstar also points out they have a wide 'moat', meaning that they have a competitive advantage over others in the same industry.
The guy suggesting shorting JNJ must be basing that entirely on the trailing P/E. Nobody sane would short this stock.
right now i don't like any stocks, period.
maybe EMC and FSLR
It looks very expensive to me - I'm seeing a PE of 19 and Div Yield of 2.4%
Given the current outlook of the market, and its 52wk high, I'd be more tempted to short this.
I currently like certain financial, as I think there has been some serious over selling of many banks. Sure don't buy Citi, but RBS, Lloyds and are looking very cheap. RBS is now trading under book value and PE of just over 5.
Edit: Ok reading the comment below, I should clarify I'm not recommending shorting it - that would be very bearish, just that in my view now does not look like a growth time. Remember the price doesn't need to go down to win on a short - if it stays level you make the carry trade. By saying I'd be tempted to short all I actually meant was that it perhaps has more chance of underperforming 4% that out performing it this next 6-12 months. And yes I was only basing it on the simiple financials i could find - it is not a stock I cover.
P.S. (also caveat that I tend to cover UK/Europe so there may be differences due to that as well)
JNJ has been going up which is a good sign. If you want to trade it you should probably wait for it to go above of 68.5.
Be careful trading it because the markets are going down right now.
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For long term, yes, it will ok. Nothing much in next 6 months.
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