Look at the ETF prices during last weeks crash. Many had double the percentage losses that the individual stocks had. The machines were in control last week. That is why I am considering buying here.
If you got out where would you put the money? Can't think of a better long term investment. Should think about adding is $$ available. Dividends alone make it a good purchase!!
Sure you will, Kenny...........
Make up a new username and pat yourself on your scrawny old back.
If you trade through somebody like Fidelity or Schwab, you can look at the analysis from pretty much all the major houses and see what they base their forecast on. For example, S&P Capital currently has a 12-month price forecast of $120. They base that on an estimated EPS and a P/E value that is typical for JNJ, plus many other factors. What they can't account for is the likelihood of a global downward trend, or war, or natural disasters, things that drive prices down. Other houses use other variables, and proprietary models, some that can be understood, many that can't. In my opinion, JNJ should not be viewed as a growth stock investment, but as an income stock investment. And an individual investor can find pretty much all the financial information that an analyst can, if he/she is willing to spend the time and dig deeply enough. Companies can not release information in any way other than publicly. You should find 1 or 2 analysts that you're comfortable with, based on how they calculate their forecasts, and factor them into your decision making process. But remember this: It's only a forecast, a calculated prediction - and it can be very wrong, as evidenced by the "Strong Sell - to - Strong Buy" recommendations you can find at any time on a stock like JNJ. Somebody is always wrong.
Where does the 1 year projection come from if the share price is unsustainable at 109? I'm assuming it's coming from analysts who have more insight into the company's financials than most investors do.That projected value number hasn't changed in a while.
As a former employee of JNJ ( 24 years ) any one in their right mind would just buy, buy, buy and hold, hold, hold. GREAT company that knows how to make $$$.
Sentiment: Strong Buy