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JNJ — Johnson & Johnson

_Last updated 2026-10-23 12:00 ET from report. Screening/research, not investment advice._

Business

Innovative medicine (pharma) and MedTech (incl. electrophysiology) (JNJ IR).

Catalysts, guidance & news

  • +3.81% Oct 22 on a company catalyst: VARIPULSE Pro real-world data (225+ patients, 100% acute success, 0.4% adverse events) and Omny-IRE 12-month data (82.5% AF-free) in Europace/Heart Rhythm at APHRS; Wells Fargo PT $275 → $287 (Oct 16); Erste downgrade to Hold (Investing.com, 2026-10-22).
  • In mean_reversion as fade_short — fading a news move (S-025). Oct 23 12:05 ET: −1.74% (Yahoo 5m).
  • Q3 was Oct 13 BMO. Pharma cluster 3; −0.49 to GEV (defensive mirror of the AI trade).

TRAI data (2026-10-23 8:53 AM ET premarket run; daily stats = Oct 22 session)

  • Sector (TRAI): Healthcare. Oct 22: +3.81%, relVol 1.33, ATR 2.59%, beta60 -0.22, residualZ 2.48, indicated gap -0.71%, signals: mean_reversion_fade_short (TRAI /api/latest).
  • Next earnings: next = null in TRAI /api/events (asOf 2026-10-23); just reported, next print not yet loaded (S-008).
  • Typical earnings reaction (last 4): avg |gap| 2.38% (1.26 ATR), max |gap| 3.48%, gap fill rate 75%, continuation 50%, avg day-1 move in gap direction -0.48% (TRAI /api/events).
  • Recent events: 2026-01-21 BMO: gap -3.30%, day-1 +3.32%, close-close -0.09%, EPS surprise -0.11%; 2026-04-14 BMO: gap -1.24%, day-1 +2.17%, close-close +0.90%, EPS surprise 0.85%; 2026-07-15 BMO: gap -1.48%, day-1 -1.23%, close-close -2.69%, EPS surprise 1.58%; 2026-10-13 BMO: gap -3.48%, day-1 -2.34%, close-close -5.73%, EPS surprise 2.69% (TRAI /api/events).
  • Correlation cluster 3 (avg ρ 0.567, 60d): GILD, BMY, LLY, JNJ, ABBV, VRTX, PFE, AMGN (TRAI /api/correlations, asOf 2026-10-22).
  • Highest 60d correlations: ABBV 0.66, LLY 0.65, VRTX 0.63, PFE 0.60, GILD 0.58 (TRAI /api/correlations).

Sector note

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