"Auto sales may plunge, home sales may stay in the tank and retail sales may fall, but disease, old age and human frailty are undeniably 'forever.'
"While the economy in 2009 is almost certainly going to contract, analysts expect the sale of biologic drugs and other life sciences products to increase 12%-15% -- with some winners growing much faster.
GILD - Got approved for Hepatitis B drugs as well as to use them on AIDS patients. The company has a very good income and lots of money to pour into research. They will continue to come out with products and should be a very good long term company. They have gone down from their 52 week high of 57.63 and are at 54.31 right now. They will probably go back up and test the 52 week high with the new news that has come out. Look to their earnings coming out over the next year - I bet they increase a fair amount.
TheStreet.com's Jim Cramer says the biotechs look sweet in a bank-led slowdown.
Thank you, New York Times. Remember just a couple of weeks ago, when The New York Times wrote about how Genentech's (NYSE: DNA) (Cramer's Take) Avastin was too expensive and the stock got cracked down to $77? I know Roche did. I bet that was the last draw. The dramatic decline in the dollar plus a sentiment that has spawn...
We continue to be positive on the name but believe given the nearly tripling in the stock price over the past 2+ years, Gilead may be due for a breather.
Even in these uncertain times, there are stocks that have far better odds of outperforming than others. Yup, for a minute, just forget about all the different industries, economic guessing games, earnings-valuation time lags and the rest of the market rand...
Bullish "Mojo Crossover"! Get on the list for our "Hot Conference" chat room and trade with Mojo and 100 fellow traders coming soon (1st 100)! Just send an email (Subject: Hot Conference) http://modj97-predictwallstreet.blogspot.com The blog has updated charts for today's trading too.
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GILD
About Gilead Sciences Inc
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