Read Large Cap Biopharma Winners and Losers Part 1
Rayno Large Cap Biopharmaceuticals…Part 2…A Stock pickers Market
Time to Rebuild Your Portfolio: ABBV, BMY, GILD
Below we have summarized selective metrics for large cap biopharmaceutical companies. We began the process of revising and rebalancing our portfolio after the J.P.Morgan healthcare Conference. Here are some parameters to watch that should help in stock picking:
Recently we added three stocks to buy now based upon valuation, growth potential and emerging therapeutic platforms; Abbvie (ABBV), bluebird bio, Inc. (BLUE) and Gilead Sciences (GILD). This is a new portfolio which replaces our original portfolio that had exceptional returns from 2/2/09 through 12/31/15. Six of our previous stock picks were acquired.Today we will add another new portfolio buy, Bristol-Myers Squibb Co.(BMY) at a price range of $59-62. Bristol Myers is a leader in the emerging field of immuno-oncology with a potential blockbuster cancer therapeutic product in Opdivo (nivolumab) which blocks a key receptor on T cells thereby boosting a patient's immune system. The Company has a large pipeline of small molecule and biologic products in oncology, virology and fibrotic/cardiovascular diseases being developed over four drug platforms. Revenue is expected to grow 6.3% in 2016 and 11.9% in 2017 led by Opdivo and Yervoy for multiple oncology treatments. EPS guidance for 2016 is in the $2.30-2.40 range. Dividend yield is 2.52%.
