JNJ Earning Report

Apparently I bet on the wrong side regarding JNJ's earnings. It has reported earnings better than expected, a positive surprise to the Street. While I was wrong on it, it has actually substantiated how solid JNJ's business is! As I said, I have been very bullish for JNJ for the long-term and you should buy it around $60 as a core position of your portfolio for your retirement. Even facing terrible one after another recalls in the past year or so, it has still managed to make good money. That's the resilience a sound business can show. No doubt JNJ will continue with the momentum and will come out of the mess even in a better shape.