Insiders just exercised about $1 million in J & J stock options at high teens. That knocks off 5 cents EPS (fully diluted for upcoming quarter). This is a good stock to own after a 15 % to 20% correction. Stock now at all time highs. When they missed EPS estimates in the first quarter stock got a 10% haircut. When they beat estimates in latest quarter they got over a 10% pop up. Profits are wildly influenced by price of commodities; especially wheat. If wheat pops back up could easily see another 20% correction next quarter.