Saturday Night Quarterback says, For the week ahead expect…

Saturday Night Quarterback says, For the week ahead expect…

Look for a big earnings test for regional banks and a feW clues about consumer goods, airlines, and autos. Last week ended with great earnings reports from Big Banks JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup (C). Big Bank earnings continue this week with Bank of America (BAC) and Goldman Sachs (GS) reporting on Tuesday. But the important news for the financial sector will come from the dozens of earnings reports from regional banks.

New trouble with JNJ vaccine is bad news for the stock and worse news for efforts to reach “herd immunity”

New trouble with JNJ vaccine is bad news for the stock and worse news for efforts to reach “herd immunity”

The Johnson & Johnson (JNJ) coronavirus vaccine has been linked to a rare side effect, the immune system disorder Guillain-Barré syndrome. Of 12.8 million J&J doses administered in the United States, there have been about 100 cases of Guillain-Barré syndrome, according to preliminary reports from the Centers for Disease Control and Prevention. The Food and Drug Administration plans to add a warning about Guillain-Barré to the J&J vaccine, The Washington Post has reported.

J&J vaccine data due next week; could be game changer for market sentiment on coronavirus pandemic end

Johnson & Johnson says its coronavirus vaccine could go to the FDA for emergency approval on January 21–if it works

Johnson & Johnson (JNJ) said today, January 12, that the the company is in the “final stages” of analyzing the data from its 45,000-patient Phase 3 trial of the single-dose version of its vaccine. “We hope to have that information very soon,” CEO Alex Gorsky said at a panel at JPMorgan Chase’s annual health care conference.

Positive coronavirus news from Abbot and J&J

Johnson & Johnson (JNJ) said today that it will begin human testing of its experimental vaccine for the coronavirus by September and that clinical data on its effects is expected before the end of the year. If the vaccine works well, the company said it could be...
Stocks fall again as WHO declares coronavirus pandemic, White House fails to deliver stimulus plan–no place to hide outside of Treasuries and the yen

Stocks fall again as WHO declares coronavirus pandemic, White House fails to deliver stimulus plan–no place to hide outside of Treasuries and the yen

As of 1:45 p.m. in New York the Standard & Poor's 500 is down 4.62% and the Dow Jones Industrial Average is off 5.13%. The NASDAQ Composite is lower by 4.40% and the Russell 2000 small cap index, with its heavy load of smaller U.S. oil producers, has lost 5.23%....
JNJ earnings a tale of two companies

JNJ earnings a tale of two companies

On April 16, Johnson & Johnson beat Wall Street estimates by 6 cents a share. Revenue for the first quarter of 2019 climbed 0.1% to $20.02 billion, above the $19.55 billion projected by Wall Street.But the results really reflected the very different fortunes of the company’s stagnant consumer business and its strongly growing drug business.