15.5 C
New York
Saturday, July 31, 2021

The 2 Best Pharma Stocks to Buy on Dips

Must read

Brasil bate Egito por 1 x 0 para avançar à semifinal do futebol masculino

Carteiras Recomendadas18 minutos atrás (31.07.2021 09:25) © Reuters. Matheus Cunha comemora gol do Brasil 31/7/2021 REUTERS/Molly Darlington TÓQUIO (Reuters) - A seleção brasileira de futebol masculino derrotou...

Turkish wildfire leaves charred home and ashes, as blazes continue

World22 minutes ago (Jul 31, 2021 08:21AM ET) 2/2 (C) Reuters. FILE PHOTO: A forest fire burns near the town of Manavgat, east of the resort...

New bill proposes US Treasury to have full authority over fiat stablecoins

Sign In/Free Sign Up 0 Cryptocurrency23 minutes ago (Jul 31, 2021 08:20AM ET) New bill proposes US Treasury to have full authority over fiat...

Relaxo Footwears Q1 results: Net profit up 27.8% to Rs 30.96 cr

New Delhi: Relaxo Footwears Ltd on Saturday reported a 27.83 per cent increase in net profit to Rs 30.96 crore in the quarter ended...
imageStock Markets12 minutes ago (Jun 22, 2021 01:30PM ET)

(C) Reuters. The 2 Best Pharma Stocks to Buy on Dips

The aging population in much of the world, including the United States, is driving increased demand for healthcare solutions. And continuing innovations therein is why we believe that it could be wise to scoop up shares of well-positioned pharma companies Johnson & Johnson (JNJ) and Pfizer (PFE) on every dip. Read on.Because the COVID-19 pandemic is under control in most major economies, the hype surrounding vaccine producers is gradually tapering off. However, because the population of much of the world, including the United States, is aging, the demand for pharmaceutical products is on the rise. An increasing patient pool with various chronic diseases, and continued treatment innovations for critical diseases, should keep driving the industry’s growth this year and beyond. According to a report by Research and Markets, the global pharmaceuticals market is expected to grow at an 8% CAGR from 2021 – 2025.

Investors’ interest in the pharmaceutical space is evident in the SPDR S&P Pharmaceuticals ETF’s (XPH) 4.6% returns over the past month versus the SPDR S&P 500 Trust ETF’s (SPY) 1.3% gains over this period.

With these factors in mind, we think it could be wise to bet on the shares of established pharmaceutical companies Johnson & Johnson (JNJ) and Pfizer Inc. (NYSE:PFE). They have significant market dominance and are innovating at a rapid pace. But while these stocks are still trading at high prices, one should seek to buy them on every dip.

Continue reading on StockNews

The 2 Best Pharma Stocks to Buy on Dips

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

- Advertisement -

Latest article

Brasil bate Egito por 1 x 0 para avançar à semifinal do futebol masculino

Carteiras Recomendadas18 minutos atrás (31.07.2021 09:25) © Reuters. Matheus Cunha comemora gol do Brasil 31/7/2021 REUTERS/Molly Darlington TÓQUIO (Reuters) - A seleção brasileira de futebol masculino derrotou...

Turkish wildfire leaves charred home and ashes, as blazes continue

World22 minutes ago (Jul 31, 2021 08:21AM ET) 2/2 (C) Reuters. FILE PHOTO: A forest fire burns near the town of Manavgat, east of the resort...

New bill proposes US Treasury to have full authority over fiat stablecoins

Sign In/Free Sign Up 0 Cryptocurrency23 minutes ago (Jul 31, 2021 08:20AM ET) New bill proposes US Treasury to have full authority over fiat...

Relaxo Footwears Q1 results: Net profit up 27.8% to Rs 30.96 cr

New Delhi: Relaxo Footwears Ltd on Saturday reported a 27.83 per cent increase in net profit to Rs 30.96 crore in the quarter ended...

Vôlei feminino vence Sérvia e mantém 100% de aproveitamento nos Jogos

Carteiras Recomendadas43 minutos atrás (31.07.2021 09:00) © Reuters. Brasileiras comemoram vitória sobre a Sérvia 31/7/2021 REUTERS/Valentyn Ogirenko TÓQUIO (Reuters) - A seleção feminina de vôlei do Brasil...