The Panic-Proof Portfolio (Stockchase Research)
Vertex Pharmaceuticals Inc.
VRTX-Q
PAST TOP PICK
Nov 16, 2023
(A Top Pick Jan 04/22, Up 57.9%)Stochchase Research Editor: Michael O'Reilly
Our PAST TOP PICK with VRTX has triggered its stop at $350. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 44%, when combined with our previous recommendations.
It's doing well, hitting new highs today. It's further along in its life cycle. Has a fine cystic fibrosis franchise. Shares are strong momentum, so he's staying in.
He likes it for developing non-addictive painkillers with potential FDA approvals ahead. They reported a great quarter a day before the election, but has since pulled back hard that baffles him. Looks like profit-taking in a stock that's jumped 113% since end-2021.
She trimmed it because it's up 20% this year because of the launch of their pain medicine. Tonight's earnings will be fine and their pipeline makes it a good stock long term.
Our PAST TOP PICK with VRTX has triggered its stop at $350. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 44%, when combined with our previous recommendations.