bromhexine in usa Update-1 11/5 2p EST IBB flat, NAZ up 0.185, earnings from AMRN and REGN.

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Update at close: large caps mixed today; ABBV continues to move up 1.5% from Oct bottom; GILD inched up; stock to watch is REGN with earnings tomorrow.

Earnings for Q3 on Amarin (AMRN) tomorrow; consensus is $110M REVS with an EPS OF (0.04.)

Large Cap Biopharma Were Leaders in October-What’s Next?

Large Cap Biopharmaceuticals as of 11/1/19-Financial Data below (analysis to follow)

Portfolios Can Be Balanced with the XBI (SPDR S&P Biotech ETF) Up 16.6% YTD

We thought early October was a good time to add healthcare and biopharma to your portfolio. Technicals rallied off the bottom and initial earnings reports looked good and were subsequently confirmed in later reports. Biotech almost hit bear market indicators on 10/1 weighed down by healthcare providers (IHF) among the worse sectors in 2019. YTD comparisons of overall performance get tricky in Q4 because of the horrendous 2018 downdraft.(below is a weekly chart for 2018/19). Note highs for the IBB in October 2018.

Our top picks were ABBV, BMY/CELG, MRK and RHHBY (not shown) and XBI. And we recently bought ALXN.

Note that the former high flier Regeneron (REGN) is the worst performer YTD but reports tomorrow so if you believe in “bargain hunting” that may be the trade for you.

COMPANY Ticker Price 2017 Price Price MCap
% Perform
1/15/18 Rev$B 12/18 11/1/19 2019 2019 FWD Analyst %
$B YTD P/S PE Recom Div
Abbvie ABBV 100.340 27.27 92.19 81.75 121 -10.85 3.71 8.55 2.1 5.24
Alexion ALXN 122.710 3.47 97.36 109.38 24.42 7.5 5.16 9.77 1.8
Amgen AMGN 185.040 23 194.67 217.95 130.55 11.13 5.58 13.8 2.3 2.66
Biogen BIIB 335.950 11.84 300.92 299.2 53.9 -1.58 3.79 9.09 2.7
Bristol Myers BMY 62.810 19.92 51.98 57.16 93.84 9.42 3.93 9.03 2 2.87
Celgene CELG 106.000 12.5 64.09 108.53 76.7 62.11 4.69 8.7 2.9
Gilead Sci GILD 79.020 27.48 62.55 64.66 82.12 0.43 3.68 9.3 2.1 3.9
Merck MRK 58.660 39.8 76.41 84.94 221.88 14.64 4.83 15.26 1.8 2.59
Regeneron* REGN 366.960 5.52 373.5 338 33.13 -9.83 4.58 12.4 2.5
Vertex VRTX 158.000 2.3 165.71 200.94 50.25 19.14 13.88 30.48 2
* 11/5 update
XBI 71.75 83.66 16.6
IBB 96.43 109.85 13.92
FBT 124.2 132.92 7.02
FBIOX 17.74 20.26 14.21
XLV 86.46 94.87 9.66
XPH 39.47 7.78

 

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