Monday, April 13, 2015

Johnson & Johnson (JNJ): Earnings Estimates Will Come Down Hard

Tuesday morning we get results from Johnson & Johnson (JNJ). The headline numbers for this company are about as meaningless as they come. You will have no idea how Johnson & Johnson (JNJ) is really doing until mid way through the conference call when they give you their outlook, their forecast.

I suspect that the company`s earnings estimates may have to come down and down hard because of the stronger dollar.