New Healthcare Stocks
Another excellent Easy investor community selection of healthcare stocks and after listening, debating we have added more of your most requested shares to our platform.
Healthcare and big pharma have been kicked into overdrive during the COVID-19 pandemic, in a race to see who will cross the finish line first with a vaccine to save the world. Some vaccine stocks have reached Ludicrous valuations in a short period and might continue higher.
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Here are some of the healthcare stocks that drew our attention but make sure you follow the link at the bottom of the page to submit your favorite share suggestions.
AstraZeneca PLC (AZN) probably needs no introduction by now, but for those who don’t know this British pharma and bio-pharmaceutical company is a front runner in the COVID-19 vaccine race. The multinational company has also partnered with the University of Oxford after receiving close to $2 billion to develop a vaccine. The company has also stated that it will put people before profits which is encouraging.
Informed decisions and outlook – The company posted much better than expected Q2 earnings and has also declared a $0.90 dividend. The share price is up over 14% YTD which could take off as positive vaccine news filters through. The stock is attractive over the long term as it is also part of the iShares Europe ETF (IEV) which should also see inflows to the company.
This biotechnology company develops and commercializes immunotherapies for cancer and other infectious diseases. BioNTech SE has also partnered with another firm favorite in the healthcare sector, namely the pharma giant Pfizer. The two companies will co-develop the BNT162 vaccine candidate to prevent COVID-19 infections.
Informed decisions and outlook – The BioNTech/ Pfizer partnership will undoubtedly be a force to reckon with. They have also pre-sold around 700 million doses of the vaccine, which is still in clinical trials to governments around the world. The duo has also announced a deal to supply Canada with an undisclosed amount of vaccine throughout 2021.
Novavax Inc., a vaccine development Biotech company, is another front runner to watch in the fight against the coronavirus pandemic. The company has received the second-largest amount of funding amongst the vaccine makers to make its COVID-19 vaccine candidate NVX-CoV2373. The stock has surged over 4300% YTD and might push even higher if the company can deliver a vaccine.
Informed decisions and outlook – the U.S Government has made a substantial investment into the company, and in turn, Novavax should supply 100 million doses of NVX-CoV2373 to the United States. Positive news followed on Wednesday, which saw the company's share price gain momentum as Novavax’s trial vaccine generated promising immune responses in stage 1 clinical trials.
Breaking news announced yesterday was that the virtual healthcare company Teladoc and consumer digital health company, Livongo are to merge in an $18.5 billion cash and stock deal. Teladoc will buy its rival Livongo to merge and create a “New Standard in Global Healthcare Delivery, Access and Experience” which will be a world first.
Informed decisions and outlook – Both shares will come under pressure during this phase, but the long-term prospects should be positive. “This merger firmly establishes Teladoc Health at the forefront of the next generation of healthcare," said Jason Gorevic, CEO of Teladoc Health. “Livongo is a world-class innovator we deeply admire and has demonstrated success in improving the lives of people living with chronic conditions. Together, we will further transform the healthcare experience from preventive care to the most complex cases, bringing 'whole person' health to consumers and greater value to our clients and shareholders as a result.”
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Sources – EasyResearch, AstraZeneca PLC, Livongo Health Inc, Teladoc Health Inc, Novavax, Benzinga, The Motley Fool, Koyfin, Financial Times, TheStreet, SeekingAlpha, Wikipedia.
Take note that all share data was taken on the 5th of August 2020 during the U.S stock market open.
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Barry is a market analyst with GT247, with a wealth of experience in the investment markets. Now in his tenth year in the markets, Barry "The Beef" Dumas brings a combination of technical analysis and fundamental insights to the table.