2 Recommendations For Biotech Upside
Hated stocks and biotech are the best bets right now.
Hated stocks and biotech are the best bets right now.
Among the three stocks highlighted in today’s article where analysts at RBC see upside potential over 100% – and which have all earned “Strong Buy” consensus analyst ratings – is “a pharmaceutical company with a unique niche.
Which developmental-stage biotechs have the potential to beat the difficult odds and successfully get their novel drugs to market?
What is this investment opportunity that seems to check all the boxes?
Of the two “best of both worlds” biotech stocks highlighted in today’s article – “companies with both solid drug-development track records and potential COVID-19 vaccine tailwinds that could net them each significant profits for their role over the next several years”.
Today’s article highlights a group of companies that tend to decline before an election – underperforming the stock market by over one-third as we move towards an election – and then recover.
The two biotechs that are the focus of today’s article have been hot this year, with shares of both having experienced triple-digit growth. The reason? Their respective COVID-19 vaccine development programs, which have moved at lightning-fast speed.
One billion dollars. Big things happen when a company reaches this threshold in annual sales.
“The fact that more than 9 months of this year have been focused on the space is unfounded. In fact, I don’t remember one industry in recent history that has so captivated the stock market as much as this,” says the author of today’s article of the biotech space – and biotech penny stocks in particular.
While the surge in interest in pharmaceutical stocks this year has been primarily driven by factors related to the COVID-19 pandemic, the author of today’s article advises that “companies working on pharmaceutical products for unmet needs or other niche markets such as animal health could be worth a closer look.”