Growth Prospects Ahead For Johnson & Johnson (JNJ)

In “Squawk on the Street” on CNBC, the co-anchor of the show Jim Cramer, comments on the Q2 earnings of Johnson & Johnson (NYSE:JNJ), which beats analysts expectations, and the performance of its CEO, Alex Gorsky.

Johnson & Johnson (JNJ)

Commenting on the performance of the company, Cramer said:

“More about Pharma sales, that pretty incredible, domestic sales up 36%, a 2 cents raise, I am sure that time people are going to say, listen that’s not enough. You want to bet against Gorsky? (CEO of Johnson & Johnson) or sellout Gorsky? Go ahead, knock yourself out, it’s a mistake, this company is going higher.”

On the fact that the Johnson & Johnson (NYSE:JNJ) stock is up 8% since Q1 and a lot of other stocks also being up by 8% since Q1, Cramer said:

“Look, it’s a good drug stock and I think that what happens is that people say: you know what?  That’s not good enough, and then three weeks from now, they say, wait a second, of all the drug companies reported, Johnson & Johnson had the fastest growth. Now it’s pretty amazing.  The only other one that really touches it, is Allergan, and obviously Allegan is in play.”

According to Cramer, Johnson & Johnson (NYSE:JNJ) is a good drug stock to bet on looking at its growth prospects and according to him Allergan, Inc. (NYSE:AGN) is another drug stock that is similar to Johnson & Johnson (NYSE:JNJ) in terms of faster growth going ahead.

Meanwhile, Johnson & Johnson (NYSE:JNJ) announced on July 15, 2014 that the growing sales of its Hepatitis C drug has boosted its revenue as well as earnings for the second Quarter. The company has also raised its full-year earnings guidance to $5.85 to $5.92 a share compared to its previous guidance of $5.80 to $5.90 a share.

As part the announcement of latest results, the company’s sales of $19.5 billion for the second quarter of 2014, showed an increase of 9.1% compared to the same period last year. Moreover, net earnings i.e. excluding special items, were $4.8 billion, showing an increase of 11.3% over the same period for 2013.


Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!