I mentioned health care as a leading sector, and several groups within that sector act as the market's engine to higher prices. Among the companies from the health care sector that lead the charge to higher prices is Johnson & Johnson/JNJ, one of my Core Opportunities. BRIEFING.COM reports...
Johnson & Johnson/JNJ (60.04, +1.26) provides leadership to the health care sector and the broader S&P 500.And in a possible second surprise, Johnson & Johnson/JNJ is not alone.
Aside from some selling pressure in the prior session, shares of JNJ have been on an upward trend since the start of the week. The stock is up roughly 4.8% since.
Health care is now up 2.3%, which is more than any other sector. The advance is helping provide leadership to the broader market since health care is the second largest sector in the S&P 500. Health care accounts for nearly 15% of the S&P 500's total weight.
Full Disclosure: Long Johnson & Johnson/JNJ.
- David M Gordon / The Deipnosophist