Opinions
The Panic-Proof Portfolio (Stockchase Research)
GenMark Diagnostics
GNMK-Q
TOP PICK
Aug 18, 2020
Stockchase Research Editor: Michael O'Reilly This maker of COVID-19 test kits has just applied for Emergency Use Authorization of a new product that is better aligned to large batch testing. It can provide results for 96 samples in 5 hours. The stock has moved from $4 to over $20 since the pandemic outbreak. The recent pullback allows for an excellent entry level. We would trade this with a $13 stop-loss. Analysts at Needham increased the target to $22 (some 37% upside)-- the 5th such upgrade this year. Yield 0% (Analysts’ price target is $21.40)
$15.975
Stock price when the opinion was issued
biotechnology
pharmaceutical
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PAST TOP PICK
(A Top Pick Aug 18/20, Down 18.6%) We chose to be disciplined and recommend exiting position as the $13.00 stop-loss was triggered last week. This follows the announcement by Abbott Labs for their successful emergency use authorization antibody test ahead of the GNMK proposal.
biotechnology
pharmaceutical
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