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James Hartje
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My name is James M. Hartje, President & Founder of Stocks on Wall Street LLC, an investment advisory company providing readers across the globe investment advice, stock picks, and market updates across our various online publications. Our main website is www.StocksonWallStreet.com You can... More
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  • Two Biotech Stocks Poised for Success 0 comments
    Jul 26, 2010 3:41 PM | about stocks: CELG, LIFE
    The Biotech industry has become a highly profitable, growing rapidly over the past few years. Surveying the industry myself, I came across two Biotech stock picks worth investing in


    Celgene (CELG)     is most notably known for developing therapies for cancer and other immune-inflammatory diseases. Over the past several years, sales have grown over 40% annually. Unfortunately this growth hasn’t translated into huge gains in the market as the stock has down little to nothing. After a stellar 1st quarter where profit increased 44% and revenue 31%, CELG is poised to continue the strong run. They report earnings on July 28 and I fully expect them to beat expectations. Long-term CELG is a great bet and I believe it will rise to around $75.

     

    Life Technologies (LIFE) just like CELG, are on of the top Biotech companies. LIFE designs and sells the tools and instruments researchers use for drug discovery. Again like CELG revenue has steadily increased +40% over the past few years. With revenues expected to increase after a strong 1st quarter I think it could be an interesting play as they head into earnings this week. With strong analyst coverage I believe this stock could easily rise to $60.

    Please leave a comment below letting me know what you think or feel free to send any comments to my Twitter. Also remember to sign up for Stocks on Wall Street’s Monthly Newsletter.

    Read the full article at:

    stocksonwallstreet.net/featured/two-biot...



    Disclosure: "Long CELG"
    Themes: Biotech Stocks: CELG, LIFE
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