Roivant (ROIV-Q)

As this $9 billion market cap pharma company will join the S&P MidCap 400, we reiterate ROIV as a TOP PICK.  Cash reserves are growing and the company trades at 1.5x book.  We recommend trailing up the stop (from $7.50) to $9.50, looking to achieve $15 -- upside potential of 33%.  Yield 0%    

The pharma company recently received supportive results for its new product which helps bring relief to patients with eye inflammation and pain and can help avoid total blindness -- steroids are presently the primarily treatment currently.   It trades at 2x trailing earnings and 1.4x book value.  The board has approved a $1.2 billion share buyback, which it has ample and growing cash reserves to manage.  Recently reported revenues beat expectations, growing by 118% from the year previous and is expected to grow by 50% p.a. for at least the next five years.  We recommend setting a stop-loss at $7.50, looking to achieve $16.00.  Yield 0%