Teva PharmaceuticalTEVADON'T BUYSep 29, 2017Stock price when the opinion was issued
As of Jun 25, 2026. Market Open.
The demand of GLP remains strong, but as more generics enter the market, the prices of the GLPs will go down. If you bet on Teva, you expects GLP demand to remain strong. GLP will come in pill shape, and there will be more amazing drug discoveries. However, Teva isn't a very innovative company. He avoids pharma; it's too hard to determine who will be a winner.
HQ is in Israel. Large-cap pharma. Right now, #1-ranked in his ADR/CDR universe (international stocks with American/Canadian Depositary Receipts). We've seen rotation into drug stocks. Broke out over $21 in September and has kept right on going. Very strong accumulation for about 6 months now. No dividend.
(Analysts’ price target is $34.50)
Some of the larger pharmaceutical stocks can do quite well during the 4th quarter. Not sure this company falls into that category, but it does follow that same seasonal timeline. A Buy date of Oct 20 and a Sell date of March 10, has produced a 5.92% average return above the markets, and has been positive 15 out of the past 20 periods. There is a period of seasonal strength coming ahead, but looking at the technicals, do you really want to enter now when it is probably not ideal. The chart shows a series of lower highs and lower lows. It had a gap in August. Whenever you have a gap, it indicates support or resistance on the retracement. Not a good time to be in this, and he would stay away.