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Glenn Novarro of RBC asks about $JNJ's unrealistic valuation expectations. $JNJ said that in certain ares of the market valuations are still high. They are coming down in biotech in particular & in some other areas like med device etc. Things will get better as time goes on & the company will look for the right opportunity at the right valuation.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.