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.

symbol name last price % change open
  • +
  • ELN
    Elan Cp Plc Adr
  • $9.69
  • -7.71%
  • $10.00

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

People owning ELN also tend to own: AMGNBWNGIASGITKG.OBBBYHOFFMOT

TheStreet.com Rating: No Rating What is this?

  • +
  • WYE
    Wyeth
  • $36.76
  • -2.70%
  • $37.26

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

People owning WYE also tend to own: ARXTCALPCAMH.OBFXIGSTLJTXKMP

TheStreet.com Rating: C+ What is this?

  • +
  • MYGN
    Myriad Genetics
  • $59.45
  • -3.65%
  • $60.46

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

People owning MYGN also tend to own: MIKRSWFTCPHDCRDCINFYNKTRSAY

TheStreet.com Rating: B What is this?

  • +
  • NVS
    Novartis Ag Ads
  • $52.97
  • -1.12%
  • $52.57

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

People owning NVS also tend to own: ANNAUYBACBHIERICFGE

TheStreet.com Rating: B What is this?

  • +
  • CELG
    Celgene Cp
  • $55.93
  • -7.49%
  • $59.57

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: ACLALXNBMRNCVHCVSESRXGENZ

TheStreet.com Rating: D+ What is this?

  • +
  • ELON
    Echelon Corp
  • $8.88
  • -7.21%
  • $9.41

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

People owning ELON also tend to own: AVNXCMGIINCYJDSUAKAMAUBAA

TheStreet.com Rating: D+ What is this?

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