2 Drug Stocks To Buy Now
By Bret Jensen:As the market continues to gyrate, some healthcare stocks look like bargains given their defensive characteristics and low valuations. Two stocks that look like bargains here are Amgen and Pfizer. Amgen (AMGN) – “Amgen Inc., a biotechnology medicines company, discovers, develops, manufactures, and markets human therapeutics based on advances in cellular and molecular biology for grievous illnesses primarily in the United States, Europe, and Canada. The company markets recombinant protein therapeutics in supportive cancer care, nephrology, and inflammation.” (Business Description from Yahoo Finance)
8 Reasons Amgen is a bargain at $57 a share:
1. AMGN is selling at the bottom of its five year valuation range based on P/E, P/S, P/B and P/CF. 2. Amgen has an A+ rated balance sheet, a dividend of 2% and a low beta (.46) of a defensive stock. 3. Amgen has beat earnings estimates the last six straight quarters. The average beat over analysts’Complete Story »
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