Johnson & Johnson Breaks $80

Yesterday I mentioned my bad call with Nike ($NKE); today I’ll highlight another misstep. I took Johnson & Johnson ($JNJ) off this year’s Buy List.

Shares of JNJ just broke through $80 per share this morning for a new all-time high. This is interesting because the stock had not strayed very far from $60 for more than a decade. It did a few times, but not for long. JNJ is currently up more than 14.5% for the year.

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Posted by Eddy Elfenbein on March 26th, 2013 at 10:56 am

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