Just mentioning the word makes everyone feel uncomfortable. But for investors and traders, the top oncology stocks offer some of the best investment opportunities.
You see, oncology — the study and treatment of cancers — is one of the most valuable subsectors in healthcare, and for all the right reasons…
Since there’s a high demand for successful cancer treatments, plenty of research is taking place along with the development of new treatments. Sales of cancer drugs are anticipated to exceed $160 billion by 2021.
In fact, three top drug companies are developing some exciting therapies right now…
Amgen Inc. (NASDAQ: AMGN) recently showcased phase one data from its oncology pipeline during ESMO Virtual Congress 2020.
Merck & Co. Inc. (NYSE: MRK) held an investor briefing following the meeting to highlight select databases, and to provide a snapshot of its broad oncology portfolio.
Gilead Sciences Inc (NASDAQ: GILD) also said it’s acquiring Immunomedics Inc. (NASDAQ: IMMU), a pharmaceutical company focused on the development of cancer antibody drugs, for $88 per share in cash.
It’s easy to understand why Wall Street flocks to many of these cutting-edge biotechnology stocks. They provide solid wins and generate strong long-term returns.
Traders waiting on the sidelines with cash in their pockets ought to consider this top oncology stock I’m revealing in today’s video.
Top Oncology Stock to Buy Now
Part of my job is to bring the best sectors and stocks to your attention. I’m always looking for stocks, ETFs and commodities that buck the trends.
I’ve noticed something strange happening in the healthcare sector… and I’m ready to expose it!
If you look at the S&P 500, it made an all-time high around September 2 but hasn’t matched its relative strength since. However, one top oncology stock continued to rally.
Today I’ll show you the best setup for this trade, along with how you could spot the next one yourself…
Watch the video and then share your thoughts on my top oncology stock. Is there one you’re considering or have already invested in? Share your comments below.
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