Pharmaceuticals Play - BUY Recommendation!
The major indices are all trading higher, as yesterday's strong rally continued today, with more sectors joining the party. The "stabilization" among the most-shorted issues helped stabilize the broader market, as the hyped stocks like GameStop (GME, -46%) and AMC (AMC, -37%) remained under severe selling pressure and silver also gave back its gains from yesterday as the trading frenzy fizzled out.
Pfizer (PFE, -2.8%), Exxon (XOM, +4.3%), and UPS (UPS, +1.8%) provided a mixed bag of earnings this morning, with the drug manufacturer notably missing on its bottom line, pushing its shares to a fresh three-month low.
Stock Pick Summary:
With our portfolio significantly crushing the market, and our recent killer picks LMND and FUBO flying past 80% profits, we continue to take more risks and diversify our portfolio across the Biotechnology segment.
While the company is primarily seen as COVID vaccine play, we believe there may be lot to more to it beyond it. It has developed a unique technology that allows it to instruct cells to manufacture any type of protein, which can be utilized to revolutionize healthcare in many ways. The cash generated from the COVID vaccines will enable to company to broaden its pipeline in the long run.
Some analysts have expressed valuation concerns, but we believe the company could still grow its earnings north of 18% annually. The stock price may remain volatile and even see sharp pull downs in the short term, but we see an opportunity that is worth the risk, and could play out well over the next 5 years.
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