9:10am (EST) Johnson & Johnson (JNJ, $62.53) reported earnings this morning that beat Wall Street’s expectations but their sales number missed.  The company earned $3.35 billion, or $1.20 a share, on sales of $15.1 billion.  The Street has been expecting earnings of $1.13 and revenue of $15.2 billion for the latest quarter.  In early trading, shares are down 94 cents to $61.59. I have been telling you that this earnings quarter will be all about the revenues numbers and in the early going, companies are falling short.  JNJ initially got a higher bid when the results were released this morning but it seems the market is looking for higher revenue numbers going forward. Gold is also getting another pop as the dollar hovers at a 14-month low.  Gold rose to a record high of $1,063.60 an ounce earlier this morning as the dollar continues to slip against the euro.  The dollar index, a measure of the greenback’s value against six currencies, was at 76.25, just off the low of 75.76 hit last week. Futures were pointing towards a slightly higher open but are basically unchanged after weaving in and out of “fair value”.  Of course, we are watching a few stocks and current subscribers can find the trade updates in the Members Area.]]>