NEW YORK ( TheStreet) -- Johnson & Johnson (JNJ - Get Report) will report second-quarter earnings results on Tuesday. Although the company has met some very important operational challenges recently, including its acquisition of Aragon, Johnson & Johnson's valuation is the only thing preventing me from falling in love with the stock.As a value investor, I can't discount that there is plenty of long-term potential in Johnson & Johnson. I think this goes without saying. But given the fact that the stock has already posted 30% gains for the year to date, rivals including Abbott Laboratories (ABT), Pfizer (PFE) and Novartis (NVS) appear a bit more attractive in the near term, if for no other reason than the fact that they have to catch up to Johnson & Johnson. Compared to Johnson & Johnson, their relative operational performance have matched up pretty well. (Shares of Johnson and Johnson were trading for a little more than $90 Monday morning.)
Hold Johnson & Johnson Ahead of Earnings
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