Biotech is beating health care by double this year—here's how one investor would play it (via TradingNation)
These deals tell Strategic Wealth Partners chief Mark Tepper that biotech's bigger players are in need of growth, but they also help build the bull case for some of the group's smaller names.
While "small-cap biotech companies can ... be hit-or-miss" investments, he added, those that have already gone through the complex approval processes required to bring their products to market are largely a better bet.is one of the top names on our watch list right now," he said. "They specialize in colorectal cancer.
"They're making some acquisitions, they're working to diversify their revenue stream, and the stock's been beaten up," he said. "Valuation's looking much better now at the current price levels. I mean, the stock had a great run, they had a tremendous quarter, but expectations were just super high [and] the thing pulled back. However, the growth story's still intact and I think right now is a good entry point.
Even though much of the XBI's gains for the year have been made in the past three months, Johnson said in the same "Trading Nation" interview, he is still seeing "a lot of charts at inflection points ... continuing to put up very good relative strength."
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