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JNJB34 trade ideas

JNJ Formed a nice Double Bottom patternHi everyone, $JNJ formed a nice Double Bottom pattern on Daily timeframe . The price hit twice the strong support formed at around 155 price level. It recently broke the resistance level at 167 and now it is ready to test it again as a support level. If tested successfully it offers a really nice buy setup. If you like the idea, do not forget to support with a like and follow. * 𝗧𝗵𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘀𝗵𝗮𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝗰𝗲 𝗮𝗻𝗱 𝗶𝘀 𝗳𝗼𝗿 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗽𝘂𝗿𝗽𝗼𝘀𝗲 𝗼𝗻𝗹𝘆! 𝗔𝗹𝘄𝗮𝘆𝘀 𝗰𝗼𝗻𝗱𝘂𝗰𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.
NYSE:JNJLong
by preduta
Mega Candle in Johnson & JohnsonJohnson & Johnson is often a dull stock, but it had some exciting price action yesterday. The health care giant dropped 1 percent in the initial seconds of trading, undercutting Friday’s low. Buyers immediately came out of the woodwork, driving the stock to its highest close in over three months. The result was a large bullish outside candle. Next, the surge planted JNJ back above its 200-day simple moving average (SMA) for the first time in almost as long. Third, the recent bounces near $158 created something of a W-shaped double bottom. Fourth, safe-havens like health care have gained relative strength in the last week as investors brace for a hawkish Federal Reserve. JNJ has also enjoyed some interesting news lately. Quarterly results on October 19 were better than expected. It followed on November 12 with a plan to split into two companies. That’s potentially a big deal because spinoffs can allow multiple expansion as investors assign different valuations to various business lines. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:JNJ
by TradeStation
JNJ Potential for a move upI am a data science enthusiast and decided to share some of my models results here. My current model scans over 300 stocks and 300 etfs. It tries to predict probable moves over the next 10 trading days. JNJ has been one that has been highlighted. Think the model is on to something considering that it has had quite a move down the last few months. The model has predicted 6 for JNJ which means it is expecting a reasonable move up over the next 10 days. I use python for all my scripting of the machine learning. If you know about sklearn it can generate a confusion matrix like below for JNJ. I have included the confusion matrix on the chart where columns are what my model predicted and the rows are what the values actually were. The values 0 to 1 are indicative of a negative return over the next 10 trading days and 2 to 7 positive moves. 0 means a are large expected down move and 7 a large expected upward move for the stock. Also have a look at my Patreon page where I publish more ideas: www.patreon.com
NYSE:JNJLong
by AuthenticTrader101
Johnson & Johnson | Fundamental Analysis | MUST READ ⚡️The world's largest health care company is about to get a little smaller. Johnson & Johnson recently told investors that it intends to spin off its consumer health products business into a separate new company. If you've been considering these dividend-paying stocks for one reason or another, there's nothing wrong with the impending split. In fact, it makes the stock much more attractive. Here's a closer look at the company's plans so you can see why. Johnson & Johnson is a huge conglomerate with more than a hundred separate subsidiaries divided into three operating segments: pharmaceuticals, medical devices, and consumer health. Janssen, the company's pharmaceutical business, is the largest and fastest-growing of its subsidiaries. Pharmaceutical sales growth is outpacing the diverse medical devices segment, but the company wants to keep the two segments together. That's because convincing doctors to order knee replacement devices is not that much different than convincing doctors to prescribe a new cancer treatment. Johnson & Johnson practically created the consumer health care business more than 130 years ago, so at first, its division will seem strange. However, when the dust settles, the separation will likely benefit investors. The consumer healthcare segment is expected to generate about $15 billion in revenues in 2021, about 7 percent more than in 2020. The as-yet-unnamed new consumer health drug company will start with 20 different brands with annual sales of more than $150 million. The 7% growth rate that J&J expects this year in terms of underlying revenue for the consumer health segment is pretty good. Unfortunately, the comparison to 2020, when people made significantly fewer purchases, is a bit misleading. Not surprisingly, Johnson & Johnson wants to focus on pharmaceutical sales. Over the past five years, pharmaceutical sales have grown at an impressive rate of 9.2 percent a year. Over the same period, the company's other two segments have struggled to keep moving in the right direction. Revenue from the high-margin pharmaceutical segment also had a much stronger impact on the bottom line. In the third quarter, adjusted pre-tax income from the pharmaceutical segment was $5.7 billion. Pre-tax earnings from medical devices and consumer healthcare were $1.7 billion and $0.9 billion, respectively. If you're interested in buying Johnson & Johnson stock before it transforms into two companies, you have plenty of time to think it through. The company plans to complete the planned spin-off in 18 to 24 months. Shares of both new companies will initially have smaller payouts, but don't let that worry you. Dividend payments on both new shares are expected to be the same amount that shareholders will receive before the split. At recent prices, Johnson & Johnson stock offers an attractive yield of 3.1 percent, and investors can expect much higher returns on their initial investment in the future. The company is a dividend aristocrat that has not had a single year without a payout increase since the Kennedy administration. Johnson & Johnson's dividend program stands on such a solid foundation that steady increases in the coming years should not be a problem. Over the past 12 months, the company has used just 42% of the free cash flow generated by operations to pay dividends. It should be noted that these dividend-paying medical company stocks may not be suitable for every investor, especially those who are willing to take high risks in exchange for the chance to make huge profits. While it is unlikely that Johnson & Johnson will far outperform the broad market, investors can reasonably expect two steadily increasing dividend payments for years to come.
NYSE:JNJLong
by FOREXN1
7
Johnson & Johnson | Fundamental Analysis | Must Read...Johnson & Johnson is a leader in several areas of pharmaceutical research, including oncology and immunologic diseases. The company's portfolio of drugs in these two areas brings in billions of dollars in revenue each quarter. The company is currently seeking to strengthen its market share in COVID-19 vaccines. This year, Johnson & Johnson anticipates generating $2.5 billion from sales of its COVID-19 vaccine, well below the $33.5 billion and $20 billion, respectively, expected by Pfizer and Moderna. Fortuitously, some up-to-date developments favor Johnson & Johnson's ambitions in this profitable market. Most COVID vaccines currently available in the U.S. are given to patients in two doses about a month apart. J&J's vaccine is injected in only one dose. Based on real-world data and Phase 3 clinical trials, the company is sure that a single dose of its vaccine is 75% effective against severe cases of COVID for at least 28 days after vaccination. This efficacy compares disadvantageously with the effectiveness of vaccines marketed by Pfizer and Moderna, as well as a vaccine developed by Novavax, which has not yet received emergency use authorization (EUA) in the United States. All three vaccines have proven at least 90% effective in preventing COVID in clinical trials. Nevertheless, Johnson & Johnson recently revealed data showing that a booster dose (or second dose) of the vaccine, given two months after the first dose, improves its effectiveness to 94% against the onset of severe COVID. On Oct. 5, the company applied for EUA approval from the Food and Drug Administration (FDA) to administer a second dose of the vaccine. Then, on Oct. 15, a panel convened by the FDA voted unanimously for the agency to issue the company an EUA approval. The last wek, the FDA granted the company this long-awaited approval. In addition to getting the green light a little later than some of its competitors, Johnson & Johnson's COVID vaccine faced several obstacles. In mid-April, health authorities decided to suspend the distribution of the vaccine after it was suspected of causing blood clots in some patients (the original EUA approval was granted in late February). Regulators canceled that suspension about a week and a half later, arguing that the known benefits outweighed the known risks and requiring a new warning on the vaccine label going forward. Indeed, six patients out of more than 6.8 million vaccinated were known to have been affected by this adverse event. This episode is now left behind, but since the pandemic is not yet over, mainly because of the more dangerous delta variant of the virus, the need for vaccines remains. Since the second dose of the J&J vaccine seems to increase its effectiveness, this can only have a positive effect on its sales. This is especially true given that the FDA has not placed any health-related (or similar) restrictions on who can get a second dose of the vaccine from Johnson & Johnson. But here's the catch: the company has pledged not to profit from the product for the duration of the pandemic. In other words, boosted sales of vaccines will have no meaningful impact on the bottom line in the short term. In the future, the company may profit from its vaccine when the pandemic fades and if COVID becomes a seasonal disease like the flu, as some predict. But even then, given how competitive this market is, the J&J vaccine will have only a very moderate influence on a company that typically makes more than $10 billion in profits a year. In other words, investing in Johnson & Johnson because of its COVID vaccine is not a good idea. Luckily, there are plenty of other reasons for that. Consider the company's diversified operations. Its pharmaceutical business, the largest by revenue, includes quite a few blockbuster products whose sales continue to grow. Here are a few of them: in the third quarter (ended Sept. 30), revenue from the immunosuppressant Stelara was $2.4 billion, up 22.2% from the previous quarter. Oncology drug Darzalex increased its sales 43.7% year over year to $1.6 billion. This is just the tip of the iceberg for the company, with several dozen late-stage programs in development. Expanding its product line and approving new drugs is commonplace at Johnson & Johnson. Its consumer health products segment sells over-the-counter products with broad appeal, including Listerine, Neutrogena, Aveeno, and Tylenol. The company's medical device business adds to its revenue base. Here's another reason to invest in this company: the company has increased its dividend every year for more than 50 consecutive years, making it the Dividend King. The company currently has a yield of 2.53%, higher than the S&P 500 Index's 1.38%, and maintains a conservative cash payout ratio of 47%. That makes it engaging to income-seeking investors. In other words, Johnson & Johnson may not be the best stock to buy the COVID vaccine, but it remains a solid pharmaceutical company to invest in.
NYSE:JNJShort
by FOREXN1
3