JNJ isn’t in the Dividend Superstars portfolio, but it is an important bellwether for dividend stocks and the overall market. And it just said sales fell while profits rose.
This is precisely the kind of result that investors are NOT looking for. They were okay with it last quarter — when any uptick on the top line or the bottom line — was welcome. But now they want signs of fundamental growth rather than profits from cost cutting.
We will have to continue watching results closely as they come out … to determine whether JNJ is setting the trend or the exception to the third-quarter rule …
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