$Johnson & Johnson (JNJ.US)$Revenue has continued to grow slowly over the past 5 years, with an average growth rate of 4.4%, and operating profit did not fluctuate much. In 2020 alone, the 5-year average growth rate was 4.6%, net profit increased sharply by 42% in 2021 due to sharp cost reductions, and fell 14.1% in 2022 due to income tax and other non-operating losses, but it is still significantly higher than the previous 3 years, with an average growth rate of 4.1% in the past 4 years.
2023Q1 revenue increased by 5.6%, operating profit increased by 13.5%, and net profit lost $70 million due to special expenses.
Currently, the price-earnings ratio is 23.8, and the price-earnings ratio TTM has been raised to 33.6. The valuation is unattractive.

After a steep decline in 2022, investors are starting to look forward to 2023 for U.S. tech stocks, looking for possible long-term strategic buying opportunities.
The $纳斯达克100指数(.NDX.US)$, which collects U.S. technology stocks, rose 20.5% in the first quarter, the largest quarterly gain since mid-2020. And $纳指100ETF-Invesco QQQ Trust(QQQ.US)$, the technology ETF that tracks the Nasdaq 100, also rose 20.7% in the first qua...

In the last three weeks, the $S&P 500 Index (.SPX.US)$ rose 1.43%, 1.39% and 3.48% respectively; the $Nasdaq Composite Index (.IXIC.US)$  rose 4.41%, 1.66% and 3.37% respectively.
Under multiple negative factors (banking crisis, hawkish Fed, etc.), Goldman Sachs analysts, however, are not surprised by the recent rally in U.S. stocks, and expect the current round of gains may continue into April.
In February this year, t...

Many economists and investors believe the Federal Reserve’s interest-rate increases will produce a hard landing for the economy – a recession.
Economists at Goldman Sachs predict a soft landing. But if there is a hard landing, they expect $S&P 500 Index (.SPX.US)$ to fall to 3,150, a 21% drop from the recent level of 3,988.
With that in mind, $Goldman Sachs (GS.US)$ strategists put together a list that should benefit from a hard landing.
$Costco (COST.US)$ : ...

$Invesco QQQ Trust (QQQ.US)$
$SPDR S&P 500 ETF (SPY.US)$ $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ Will my money be swallowed?

$3M (MMM.US)$It is an American company listed in 1946. From 2002 to the present, the stock price has increased from $117 to $119.3, with an average ROI of 3.6% taking into consideration a 1 for 2 stock split during this period. The main business is safety and industrial products, transportation and electronic products, as well as healthcare. The primary markets are in the USA, Europe, and the Asia-Pacific, with thorough globalization.
Over the past 5 years, the gross margin has slowly decreased from 49.5% to 46.9%, with relatively minor changes. The return on equity has fluctuated above 42%, which is very attractive.
Over the past 5 years, the revenue has been around 32 billion, growing rapidly to 35.4 billion in 2021. Operating profit decreased from 7.2 billion to 6.1 billion, then rebounded to 7.7 billion. The net income fluctuated around 5 billion and reached 5.9 billion in 2021.
In the first two quarters of 2022, the revenue decreased by 1.5%, and operating profit decreased by 60%. This was mainly due to an 81% surge in sales and administrative expenses in the second quarter, leading to a 56% decrease in net income. The second quarter was only able to avoid losses due to non-operating income.
The income statement shows that in 2021, interest expenses accounted for 6% of operating profit, which is not a heavy burden.
Over the past 5 years, the asset-liability ratio rose to 77% after initially increasing to 69%, then fell back to 70%.
Inventory has been increasing rapidly recently, with an increase of 0.75 billion in 2021 and a further increase of 0.66 billion in the first two quarters of 2022. However, compared to the overall scale and revenue, it is still reasonable.
Goodwill of 13.064 billion, accounting for 95% of net assets, a relatively high proportion.
Long-term borrowings of 14...