5 Biotech Stocks to Watch With the Coronavirus Scare The Motley Fool

As a side note, with how valuable used cars are, fewer miles could mean much more of a premium than ever before. So, analyzing CAR shares might provide a nuanced picture regarding broader travel sentiment in the age https://investmentsanalysis.info/ of omicron. At the same time, the pandemic also delivers an optimistic factor to the narrative. Given the possible infectiousness of the omicron variant, people might not be too eager to hail a ride-sharing service.

• The first pill to treat Covid-19 is on its way and vaccine producers are rolling out booster shots in wealthy countries.
• J&J is investing more than $1 billion in the development of a novel coronavirus vaccine.
• As InvestorPlace Assistant News Writer Eddie Pan reported this morning, NVAX is a name to watch among vaccine stocks as speculation mounts.

That was an acceleration from the previous quarter’s 5% increase. The consensus estimate for Q3 EPS growth is 32%, which would extend the accelerating trend. Panigrahi maintained a “buy” rating on Zoom but cut his price target for the shares to $350 from $400. Even the lower price target would represent 20% upside within a Forex candlestick patterns year from the stock’s closing price of $292.08 on Aug. 30. It happens frequently when a company announces results that are better than analysts had expected because some investors begin to believe things can only get worse. But such thinking might lead to selling too early and missing out on lucrative gains down the road.

Stock Market News, Aug. 31, 2023: Dow, S&P 500 Dip to Finish August

And Pfizer is in the process of bringing a whopping 19 new candidates or indications to market in less than a two-year period. I would be more cautious about Novavax, as it’s struggled to keep up with the vaccine leaders, and its pipeline isn’t as broad. These numbers still are significantly lower than Moderna’s and Pfizer’s vaccine sales last year, when the products generated more than $18 billion and $37 billion in sales, respectively. This week’s headlines almost sound like the plot of a thriller movie.

Along with exacting a devastating human toll in terms of illness and death, the coronavirus pandemic is causing economic destruction. Most companies are hurting because economies around the globe have largely been shut down to help slow the spread of COVID-19. Baxter has a strong 92 (out of a best-possible 99) EPS Rating and a solid B SMR Rating, according to IBD Stock Checkup. The Earnings Per Share Rating tracks a company’s earnings strength, while the SMR Rating analyzes a company’s sales, margins and return on equity. The company predicts vaccine sales of $6 billion to $8 billion this year.

Coronavirus Stocks To Watch: Baxter

Air rage has now become its own pandemic, adding stress to an already difficult (and many times thankless) job. Given this backdrop, I’m not at all surprised that United Airlines tumbled badly over the trailing week ending Dec. 3. And while I hope UAL bounces back from this latest turmoil, the market is sending a worrisome message.

Instead of hoping for a future payday, I decided that some of that money would benefit me by sitting still in a CD that will earn me 5% APY, guaranteed, in just one year. I spent the last few years watching the individual stocks I bought rise and fall. Since I wasn’t paying frequent attention to the market, I didn’t have a pulse on my stock’s performance or the timing of when it was up and I could sell. I treated my stock portfolio like it was a game and the money I was putting in wasn’t real. I didn’t research companies, buy index funds, or attempt to diversify the types of stocks I was buying.

Related Articles

As mentioned, as long as the stock market remains in a correction, it’s difficult for any stock to buck the downturn and climb higher. After such a sudden and sharp decline, investors should remain cautious of any new stock market rally attempts. As we wait for a follow-through day to signal a potential new bull market, keep in mind that not all follow-through days lead to a sustained new climb. A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. To be absolutely clear, we still don’t know much about the omicron variant.

In some cases, we receive a commission from our partners; however, our opinions are our own. The disease caused by the novel coronavirus is spreading rapidly around the world, sickening hundreds of thousands of people and leaving economic carnage in its wake. As the leading video-streaming provider, Netflix is benefiting from the pandemic-driven rise in streaming.

Stocks Mentioned

Moderna was one of the first companies to have its executive team discuss address the omicron variant. Get this delivered to your inbox, and more info about our products and services. 3M (MMM) upgraded to peer perform from underperform after the company settled its Combat Arms litigation for $6 billion ($5 billion in cash and $1 billion in stock) over five years.

• The coronavirus clearly isn’t as widespread as it was during the early days of the health crisis.
• Below is a screen of stocks that have at least doubled during the pandemic and are expected to increase sales quickly through 2024.
• It highlights names that have the potential to launch new runs — if the general market turns into an uptrend.

The group has been unloved in the market this year, but if any of them win their lawsuits the group could catch fire. I felt like I needed a big financial reset this year and decided to switch up my investment strategy. Instead of focusing so much on long-term investment goals, I wanted to utilize short-term investment goals to help me recoup some of my lost money first.

But it’s important to separate the current panic from the real potential for these biotechs.

The coronavirus clearly isn’t as widespread as it was during the early days of the health crisis. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Another biotech stock that has gained a lot of attention as worries escalated about the coronavirus is Moderna (MRNA -2.34%). Like Inovio, Moderna recently received a grant from CEPI to develop a coronavirus vaccine. Inovio (INO -5.30%) has focused on infectious diseases for years but doesn’t have an approved drug on the market yet. The company’s most advanced program is VGX-3100, a DNA vaccine that targets cervical dysplasia caused by human papillomavirus.

Then, as people started flying the friendly skies again, a vituperative air clouded the recovery. With the unfortunate development of the omicron variant, Carnival fundamentally appears to be back at square one. Other stocks to watch include lab operator Eurofins Scientific SE and suppliers of lab equipment such as Fluidigm Corp., Sartorius AG, Sartorius Stedim Biotech and Tecan Group AG. Goldman analysts are more pessimistic, saying the market for rapid Covid tests will “collapse” in 2022 to less than $200 million outside of symptomatic and PCR testing. Companies making those quick diagnostics, known as antigen tests, namely Qiagen NV, DiaSorin SpA and Abbott Laboratories, have all slumped from their recent peaks in September. The vaccine leaders may also lose market share if new inoculations from Sanofi, Novavax Inc. or Valneva SE succeed and if mix-and-match boosting appears to be effective.

Vaccine Stocks to Watch: Moderna (MRNA)

So it’s normal that Moderna and Pfizer have reported a drop in vaccine sales. These companies still hold government contracts for the delivery of doses, but the environment is transitioning. As we move toward a post-pandemic world, the companies will sell directly to healthcare providers instead of governments.