Amgen Inc.AMGNBUY ON WEAKNESSJun 25, 2025Stock price when the opinion was issued
As of Sep 04, 2026. Market Open.
Really likes it. Breaking out to new highs. He'd be a buyer. Next upside resistance is around the $400 level.
He's been talking to their US sales team about biotech and healthcare in general. If they're correct on the broader market call, then biotech should outperform some of the more defensive areas in healthcare into 2027.
Beaten up a bit, as has the whole space by the Trump administration. Chart shows fantastic trend. Came off a bit, but finding its legs at the lower part of the channel. Hint: on a down day, what goes down less than the market is usually (not always) where the action might come from first.
These guys look at the hard diseases with unmet needs. Executes really well. Fantastic pipeline, and that's what the drug companies are all about. The most money is made buy sitting on your hands; once you take your initial position, just sit back, and in 10 years, you'll be a happy investor. Yield is 3.23%.
Is working on its injectable GLP-1 drug, Maritide. The market didn't like its drug data (phase 2 clinical trials) last Monday, and sold shares hard: 20% avg. weight loss for obesity only, and 17% weight loss for obestity and diabetes. Also, Maritiude made users puke if they took high doses, though this is reduced if doses start small and then are increased. Still, the market was not impressed. Also, there exist 2 GLP-1 shots by competitors already. Thirdly, American prefer taking a pill daily (Eli Lilly) than an injection weekly (Amgen). He feels that the market misunderstood the trial results, and does not justify the stock's decline. LLY remains his favourite in GLP-1, but Amgen stock is cheap.