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5.5% profit on Johnson&Johnson in our downtrend view


Johnson & Johnson's coronavirus vaccine trial will resume very soon after investigators concluded a participant's illness was unrelated to the vaccine, the Washington Post reported last Friday.

Johnson Johnson All Sessions 20200930 16.40

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How to Think Long Term With Near-Zero Interest Rates

A long-term environment with superlow interest rates can mean different things to different people—sometimes multiple things to the same person.With the Federal Reserve signaling that benchmark, short-term interest rates would likely be held near zero until 2023, many may be reminded of the period following the last recession, when superlow rates lasted for seven years.

Now America’s savers and borrowers face new, possibly more difficult choices. Over the previous decade, for example, the yield on safe 10-year U.S. government debt averaged about 2.4%, according to FactSet; today it is hovering around 0.7%.Low rates may encourage some people to buy homes or refinance them, even as others consider delaying retirement or postponing other money milestones. Whether superlow rates present opportunity or peril depends on where you fall on the borrowing-saving spectrum. Here’s how to think about near-zero rates for the next few years.Mortgage rates are likely to stay low. The average rate on a 30-year fixed mortgage is 2.87%, near its lowest level in about half a century.

That is likely to spur more home buying, though caution is warranted. Credit-card offers are recovering. Lenders mailed out about 99 million offers in July to potential customers, up from 57 million in June.

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5% profit on Visa in our downtrend view

Visa Inc EXIT33

Visa Inc reported a 23% drop in quarterly profit last Wednesday, as spending volumes at the payment processor sank due to the COVID-19 pandemic. Net income fell to $2.4 billion, or $1.07 per Class A share, for the fourth quarter ended Sept. 30, from $3.03 billion, or $1.34 per Class A share, a year earlier. On an adjusted basis the company reported earnings of $1.06 per share. Net revenue fell 17% to $4.8 billion as consumer spending was limited due to the health crisis, which has triggered the worst economic downturn in decades and prompted massive layoffs.

Visa Inc All Sessions 20201002 16.34

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