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Johnson & Johnson, a huge pharmaceutical company, will announce its earnings results for the first quarter on April 20 at 15:30 MT. Let’s get ready!
It’s really easy! Just compare the forecasted earnings with the actual and follow the rule below.
The good news for FBS traders is that they can make both buy and sell trades while trading stocks –the rules are almost the same as for the currency pairs. So, you don’t need to already have an asset to sell it.
Not so good! As you may know, Johnson & Johnson has produced its coronavirus vaccine. However, the rollout didn’t go well. Firstly, it has been reported recently that 4 people (out of 5.4 million) who used this vaccine got blood clots. Thus, European regulators have already started investigating the side effects. Secondly, three US vaccination sites temporarily stopped administering J&J's vaccine this week. Finally, the factory's workers occasionally mixed up some vaccine elements last month and ruined 15 million doses. Thus, 62 million of the company's vaccine doses must be checked. It will slow down the supply.
However, if all these things are fixed, Johnson & Johnson could even become the best-selling COVID-19 vaccine. Yes, yes! It has two significant advantages:
1) it can be stored with standard refrigeration and
2) it can be given in one dose!
Johnson & Johnson is not just about the Covid-19 vaccine, it’s way more! It has a huge stable of drugs, some of them are frontrunners in their segments. Besides, the company has an amazing reputation: five consecutive years of annual revenue growth, an above-average dividend that has been increased for almost 60 years in a row!
Moreover, Johnson & Johnson is a value stock. Therefore, it can benefit from the current market rotation from growth to value stocks.
On the 4-hour chart, J&J has formed a symmetrical triangle pattern. Thus, the breakout above the upper trend line at $165.00 will drive the pair further up to March high of $167.00. However, first of all, it should cross the 50-period moving average which lies just above its current price of $162.00.
On the flip side, the move below the lower trend line at $160.00 will press the pair down to the 200-period moving average of $158.50.
The stock trading is available in our app FBS Trader!
Don't know how to trade stocks? Here are some simple steps.
The G20 summit took place in Bali, Indonesia, on November 2022…
The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
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