Here's Why Investors Cheered Johnson & Johnson's Q4 Results

Johnson & Johnson (NYSE: JNJ) delivered a return of nearly 8% in 2020. Adding in the company's dividend gives a total return of close to 11%. That's not bad, but it fell far short of the S&P 500 index's total return of 18%. But J&J is off to a better start than the S&P 500 so far this year.

That early outperformance for the healthcare stock was at risk as J&J announced its fourth-quarter results before the market opened on Tuesday. As it turned out, though, investors had nothing to worry about. Here are the highlights from Johnson & Johnson's Q4 update.

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Source Fool.com