For the past month, Johnson & Johnson's (NYSE:JNJ) share price has followed the long-term trend in health care spending, moving steadily up and to the right. With shares now sitting near their 52-week and all-time highs, our health-care bureau chief Brenton Flynn was anxiously awaiting today's earnings report to take a pulse on the $200 billion health care giant.

Brenton Flynn has no position in any stocks mentioned. The Motley Fool recommends Johnson & Johnson. The Motley Fool owns shares of Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.