can someone summarize why the stock JNJ stayed stable over the past 3 months?
Posted by James on December 1, 2013 · 3 Comments
Question by Needy28: can someone summarize why the stock JNJ stayed stable over the past 3 months?
too lazy to go through all the news section. thanks.
Best answer:
Answer by Jim Z
JNJ is a manufacturer of staple products. They are products everyone needs in a rough economy. JNJ and PG are two stand by companies many investing institutions stay with in a down economy. BUT if you look at the one year chart, this really did not happen. It dropped, then came back to where it was before the market corrected.
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As noted before me, JNJ and PG are very similar, as they are both mainly consumer companies. But while P&G stock has gone up, JNJ has more or less gone nowhere. Both companies pay a small dividend which stabilizes the stocks.
P&G has had no known problem, but JNJ has had several large important recalls, including Tylenol brand products.Their quality control has lacked seriously, along with the need to do things fast and not right. Thus, other company’s brands have been allowed to step on their turf.
They have needed James Burke, their long ago CEO who stepped up to the plate, and smacked a home run, when the early 1980’s Tylenol scare raged.
Yes I can summarize that. However, I am too lazy to do it.
That’s the point. There is no news to move the stock. That’s why it hasn’t moved.