(A Top Pick Apr 22/21, Up 47.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with ABBV is progressing well. We now recommend trailing up the stop (from $140) to $152.
She just trimmed her holding last week, because it's done very well. Their drug pipeline looks positive. Healthcare is her second-favourite sector and this is a great way to play it.
They have done well recently but he is looking for companies with longer term potential and expiry dates for drug patents. Should have good pipelines. Prefers diabetic care companies since this disease is on the rise. eg. Eli Lilly or Novo Nordisk. Astra Zeneca has a good pipeline in oncology drugs.
Great dividend, low valuation at 10x, and growing well, but he grabbed an exit point, as 43% of revenue comes from a drug going off patent next year. Pricing pressures mean that ABBV will see a decline in revenues and cashflows. Did well, but time to leave in favour of companies well off their highs.
(A Top Pick Apr 22/21, Up 32.6%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with ABBV is progressing well. To remain disciplined, we now recommend trailing up the stop (from $130) to $140.
It's done extremely well for him, but he's watching this carefully. Trades under 10x earnings and pays a 4% dividend. It's been growing well on their very successful Humera drug, but that goes off-patent in 2023. So, ABBV is working hard to fill that gap. They have a few promising drugs ramping up, but they will need to ramp up to the $10 billion range to fill Humera's shoes. A few years ago, they bought Botox which long-term will be good for ABBV, despite a slowdown during Covid. He still likes ABBV, but is keeping an eye on it in case earnings stall.
(A Top Pick Feb 11/21, Up 40%) Still likes it. Clever acquisitions, which have started to backfill their R&D pipeline. Two of their next generation drugs are really taking the place of those coming off patent, and market is rewarding them for that. Technical breakout this morning, perhaps due to momentum trading. Great dividend. Hold, but probably not a Top Pick today.
(A Top Pick Apr 22/21, Up 26.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with ABBV is progressing well. We now recommend trailing up the stop (from $112) to $130.
An advisor could help the caller decide whether to hold or sell some. He doesn't own either The devices made by Abbott show promise for the stock so there is upside. The pharmaceutical side is not of particular interest. These are relatively defensive stocks but market could gravitate to cyclicals.
AbbVie Inc. is a American stock, trading under the symbol ABBV (previously ABBV-N on Stockchase) on the New York Stock Exchange (ABBV). It is usually referred to as NYSE:ABBV or ABBV
Is AbbVie Inc. a buy or a sell?
8 expert ratings on AbbVie Inc. (ABBV) in the last 12 months: 7 Buy, 1 Hold, 0 Sell. Latest rating: PAST TOP PICK by The Panic-Proof Portfolio (Stockchase Research) on Apr 5, 2022. Read the latest stock experts' ratings for AbbVie Inc..