Fast Money's Biotech Stocks For A Bear Market Portfolio - Stockpickr! Your Source for Stock Ideas

Fast Money's Biotech Stocks For A Bear Market

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Created by barrons2

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Date updated:07-01-2008

What are the best plays when the market enters bear territory? If the stock market is entering bear territory you might want to look at the biotech sector. Typically they are immune to recessions because patients need drugs no matter what the economy is doing.

ELN
Elan Cp Plc Adr
$6.38
+0.95%
$6.37

Elan (ELN) and Wyeth (WYE) are two biotechs worth watching, according to Pete Najarian.

People owning ELN also tend to own: AMGN BWNG IASG ITKG.OB BBY HOFF MOT

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WYE
Wyeth
$48.54
0.00%
$N/A

Elan (ELN) and Wyeth (WYE) are two biotechs worth watching, according to Pete Najarian.

People owning WYE also tend to own: ARXT CALP CAMH.OB FXI GSTL JTX KMP

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MYGN
Myriad Genetics
$24.11
+1.82%
$23.73

And for strength in diagnostics Najarian says Myriad (MYGN) and Novartis (NVS) look attractive.

People owning MYGN also tend to own: ABT ACL AET ALXN BAX BDX BIIB

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NVS
Novartis Ag Ads
$55.85
+0.99%
$55.81

And for strength in diagnostics Najarian says Myriad (MYGN) and Novartis (NVS) look attractive.

People owning NVS also tend to own: ANN AUY BAC BHI ERIC F GE

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CELG
Celgene Corporati
$55.75
+0.69%
$55.33

Adding to the talk about Celgene (CELG), Adami said that it "has free rein in Europe now" and had "lots of good things going for it."

People owning CELG also tend to own: ACL ALXN BMRN CVH CVS ESRX GENZ

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ELON
Echelon Corporati
$11.92
-1.57%
$12.24

Najarian noted that Echelon(ELON) and Celgene(CELG) "are leading the biotech breakout."

People owning ELON also tend to own: AVNX CMGI INCY JDSU AKAM AU BAA

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