Specialty Pharma Stocks Surge on 'HUGE' Election Win
Get Alerts MYL Hot Sheet
Rating Summary:
17 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
Join SI Premium – FREE
Specialty Pharmaceuticals stocks are sharply higher after a Trump win, House and Senate stay Republican and Proposition 61 in California was defeated.
Commenting on the results, Wells Fargo's David Maris said: "Overall, we believe the election results should provide a boost to pharmaceutical company investor sentiment. One will have to wait to see if Trump is serious about his anti-inversion rhetoric which was strong during the campaign, but overall, we think many healthcare investors thought that the election was going to turn out very differently and as such, we believe a relief rally in the sector seems likely, as pharmaceutical industry legislative risks are significantly diminished with the results."
- Shire plc (NASDAQ: SHPG) +7.7%
- Mallinckrodt (NYSE: MNK) +7.5%
- Teva (NASDAQ: TEVA) +7.3%
- Mylan (NASDAQ: MYL) +5.9%
- Horizon Pharma (NASDAQ: HZNP) +5.7%
- Concordia International (NASDAQ: CXRX) +5.5%
- Endo International (NASDAQ: ENDP) +3.5%
- Valeant (NYSE: VRX) +3.1%
- Depomed (NASDAQ: DEPO) +2.6%
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wells Fargo Upgrades Kroger (KR) to Overweight, 'Building Catalysts Point to Attractive Stock Setup'
- UL Solutions (ULS) Prices Upsized 33.8M Share IPO at $28/sh
- Wells Fargo Reiterates Equal Weight Rating on OneMain (OMF)
Create E-mail Alert Related Categories
Analyst Comments, Trader TalkRelated Entities
Wells Fargo, David MarisSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!