One biotech stock could be best bet in the race for curing coronavirus (via TradingNation)
That's according to Mark Newton, founder of Newton Advisors, who says the biotech company looks technically attractive as it works toward a cure for the new coronavirus.
"Gilead broke out last week. Gilead Sciences is up to new six-week highs on an explosion of volume last week. We saw the call open interest jump over 88%," Newton said Monday on CNBC's ""This stock had been going down and had been cut in half really since 2015 then moving sideways," said Newton. "This little breakout last week is very interesting to me technically from a risk-reward standpoint.".
"I was really surprised when I started digging into Gilead just today — surprised so much that I had to pick up some shares for our firm today," Tatro said. "The stock is trading 11 times forward [earnings] and has very impressive earnings growth, and most importantly ... is generating over $6 a share in free cash flow with a 4% dividend."trades at a far higher 89 times forward multiple.
"From a valuation standpoint, we like this stock quite a bit, started a position, and will be digging in to the [fundamentals] further," said Tatro.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Hoka One One Elevon 2 Allows Your Legs to Recover Without Missing a RunThis cushioned trainer ensures you’re in it for the long haul when it comes to building that base.
Les mer »
No One Knows Why Eminem Performed at the Oscars But the Crowd Loved ItNo One Knows Why Eminem Performed at the Oscars But the Crowd Loved It
Les mer »
I Hated Bernie Bros Until I Loved and Lost One'Raghav believed true Medicare for All—healthcare that was free at the point of service with everyone automatically enrolled—was a life or death issue. It turned out he was right: Six months after we said I love you, Raghav was dead.' katewillett writes:
Les mer »
Renee Zellweger Shines at 2020 Oscars in Elegant One-Shoulder GownRenée Zellweger said she fell in love with Judy Garland as she filmed “Judy”. We fell in love with her as we watched it. 🌈
Les mer »
One gunman, four locations, 29 dead: how the mass shooting in Thailand unfoldedAuthorities are still piecing together details of how a soldier killed at least 29 people and wounded dozens more in a rampage in and around the northeastern Thai city of Nakhon Ratchasima. 12:10 p.m. (0510 GMT) - Soldier Jakrapanth Thomma writes on his Facebook page complaining about people who grow
Les mer »