Johnson & Johnson (NYSE:JNJ)
This medical conglomerate had news that investors were pleased with on many fronts. Sales of over-the-counter medications like Tylenol and Motrin were up a solid 14%, helping reverse a negative trend caused by product recalls over the past few years.
The company’s pharmaceutical division also did well, growing revenue by 10.4% on the strong performance of a number of different prescription medications. And revenue at the medical devices division, which focuses mainly on selling equipment to hospitals, was up 10.2%. Overall, the market was pleased with all the news, and the stock was up for the week.
Apple Inc. (NASDAQ:AAPL)
Finally, we have the one stock that really dragged the portfolio down. The interesting thing is that there wasn’t any substantial news from Cupertino that would necessitate a 9% drop.
Instead, I think a lot of investors are worried that Apple Inc. (NASDAQ:AAPL)’s earnings, which are due on Tuesday, are going to disappoint. Personally, I can understand why some are worried — there hasn’t been a release of any groundbreaking product since Steve Jobs was in charge of the pipeline. But at today’s prices, I also don’t have any intention to sell right now.
The article Despite Positive News, “The World’s Greatest Retirement Portfolio” Isn’t Getting Much Love originally appeared on Fool.com and is written by Brian Stoffel.
Fool contributor Brian Stoffel owns shares of Apple, Google, Coca-Cola, Johnson & Johnson, and Intuitive Surgical. The Motley Fool recommends Apple, Coca-Cola, Google, Intuitive Surgical, and Johnson & Johnson. It owns shares of Apple, Google, Intuitive Surgical, and Johnson & Johnson.
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