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With Sales Story Over, Will Amazon Have Happy Ending?

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Institutions looking to put cash to work in 2010 may pile in.

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Johnson & Johnson (JNJ):
While the recall news may not be good news, it's not the end of the world, either.

1.
If the company can make the $4.93 estimate for 2010, the shares could still rock and roll from current levels.

2.
I think there's upside potential to the fourth-quarter estimate. This company has simply crushed expectations over the past year.

3. Johnson & Johnson will be on my radar screen as we head into the New Year.

Continental Airlines (CAL)/UAL Corp (UAUA)
I didn't expect the pummeling the airlines got yesterday. I figured they'd take a hit, but a smaller one.

That said, I'm still not a big fan of the group. I won't be trying to buy the dip because Americans are still reluctant to travel by air, fuel prices are still high, and the outlook for the US economy in the very near term isn't so hot. (See, Does Airline Terror Present Buying Opportunity?)

Have a great day!
No positions in stocks mentioned.

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