Fast Money's Biotech Stocks For A Bear Market
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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.
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ELN
Elan Cp Plc Adr - $6.97
- -2.52%
- $7.11
Elan (ELN) and Wyeth (WYE) are two biotechs worth watching, according to Pete Najarian.
-
WYE
- $48.54
- 0.00%
- $N/A
Elan (ELN) and Wyeth (WYE) are two biotechs worth watching, according to Pete Najarian.
-
MYGN
Myriad Genetics - $21.67
- 0.00%
- $N/A
And for strength in diagnostics Najarian says Myriad (MYGN) and Novartis (NVS) look attractive.
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NVS
Novartis Ag Ads - $53.08
- -0.62%
- $52.99
And for strength in diagnostics Najarian says Myriad (MYGN) and Novartis (NVS) look attractive.
-
CELG
Celgene Corporati - $54.77
- -0.71%
- $N/A
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."
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ELON
Echelon Corporati - $7.90
- 0.00%
- $N/A
Najarian noted that Echelon(ELON) and Celgene(CELG) "are leading the biotech breakout."
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