Johnson & Johnson investment idea gets a new incentive to work out
The investment idea of March “Johnson & Johnson shares are growing again! Connect to an investment idea now!” receives a new incentive to work out.
Previously, Johnson & Johnson shares, as well as the stock market as a whole, were limited to lateral dynamics at the opening of the month, actually opening up the opportunity to enter the transaction and not giving actual movement.
The driver for the start of working out the investment idea “Johnson & Johnson shares are growing again!” can be a court decision on a number of high-profile cases related to Johnson & Johnson. So, according to Reuters, a number of asbestos trials in California, Oklahoma, New York and New Jersey courts ruled in favor of the company. It also created precedents for the closure of other similar proceedings.
Against the background of reducing the risk of litigation, the shares of Johnson & Johnson continue to strengthen, returning to the previously determined investment idea and in fact giving new grounds for developing this investment idea.
Fig. Johnson & Johnson shares chart
Another risk factor is the overall increase in pessimism in the stock markets, which puts a moderate pressure on the stock market.