Johnson & Johnson's stock heads for a record after a profit beat and plans for another spinoff

Core Insights - Johnson & Johnson's stock experienced a rise towards a record high following a strong earnings report that exceeded expectations and an announcement regarding the separation of its orthopedics business [1] Financial Performance - The earnings report indicated that Johnson & Johnson not only beat market expectations but also raised its future earnings guidance, signaling strong financial health and growth potential [1] Strategic Moves - The company announced plans to separate its orthopedics business, which is expected to streamline operations and potentially unlock additional value for shareholders [1]