Keep an eye on Johnson & Johnson (JNJ). One of my favorite ways to make money is by waiting on excessive fear. Look at Johnson & Johnson (JNJ) for example. In October 2019, the stock began to plunge out of the sky. Investors feared the worst. All after the company recalled a single lot of Johnson’s Baby Powder. In fact, according to the company’s press...
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U.S. markets were tepid ahead of the Fed’s decision on interest rates with the major averages showing weakness on the open but some strength ahead of the news. As expected, a quarter-point reduction was announced with the action muted as Wall Street awaited further developments.Fed Chairman Jay Powell’s comments afterwards were once again scrutinized but this time helped sentiment as the...
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U.S. markets were slightly weak to start Friday’s action following a couple of high profile earnings misses and slightly disappointing economic news. However, the major indexes got a lift following signs the U.S. and China are close to finishing some sections of the phase one trade accord. Treasury Secretary Steve Mnuchin and U.S. Trade Representative Robert Lighthizer held a phone call with...
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