Does look discouraging for most large caps for sure.
Agree with you re JNJ.
My wife and I hold large no. of shares of JNJ, smaller no. of BMY and PFE.
TEVA would be a good purchase by any you mention. Some of us think that AMLN and MEDX may not last long as independents. Slowly but surely, a good many biotechs are being bought out, MEDI and CHIR being recent, very profitable examples for me.