Believe it or not, one of the best-performing healthcare stocks so far this year is none other than Valeant Pharmaceuticals International (NYSE:VRX). Longtime loser Valeant is up around 20% year to date -- much better than most healthcare stocks.
But is Valeant stock now a smart pick for long-term investors? Here are the arguments for and against buying the stock.
Image source: Getty Images.
Buy -- it's the turnaround opportunity of a lifetimeLet's start with the case for buying Valeant. The drugmaker's CEO, Joe Papa, said not long after he took the helm in 2016 that Valeant "is the turnaround opportunity of a lifetime." Based on the company's first-quarter results reported in May, there's reason to think that Papa might be right.
Valeant has sold off several noncore businesses over the last couple of years. As a result, the company's debt has been reduced by more than $5 billion. And while the loss of these businesses has negatively impacted year-over-year comparisons, Valeant's remaining businesses are doing relatively well overall.
Hot Performing Stocks To Own Right Now: Terrapin 3 Acquisition Corporation(TRTL)
Advisors' Opinion:- [By Max Byerly]
Turtlecoin (CURRENCY:TRTL) traded up 6.5% against the dollar during the 24 hour period ending at 23:00 PM E.T. on August 14th. Turtlecoin has a market cap of $671,714.00 and $3,950.00 worth of Turtlecoin was traded on exchanges in the last day. During the last seven days, Turtlecoin has traded down 18.3% against the dollar. One Turtlecoin coin can now be bought for about $0.0000 or 0.00000001 BTC on exchanges including Trade Satoshi and TradeOgre.
- [By Logan Wallace]
TurtleCoin (CURRENCY:TRTL) traded 8% lower against the U.S. dollar during the one day period ending at 16:00 PM E.T. on February 6th. One TurtleCoin coin can now be bought for $0.0001 or 0.00000003 BTC on cryptocurrency exchanges including Trade Satoshi and TradeOgre. TurtleCoin has a total market cap of $3.57 million and $144,484.00 worth of TurtleCoin was traded on exchanges in the last day. Over the last week, TurtleCoin has traded down 19.7% against the U.S. dollar.
Hot Performing Stocks To Own Right Now: Kingstone Companies, Inc(KINS)
Advisors' Opinion:- [By Max Byerly]
Get a free copy of the Zacks research report on Kingstone Companies (KINS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
RLI (NASDAQ: KINS) and Kingstone Companies (NASDAQ:KINS) are both finance companies, but which is the superior stock? We will contrast the two companies based on the strength of their risk, earnings, analyst recommendations, dividends, valuation, institutional ownership and profitability.
- [By Joseph Griffin]
AXIS Capital (NYSE: AXS) and Kingstone Companies (NASDAQ:KINS) are both finance companies, but which is the better business? We will compare the two businesses based on the strength of their valuation, risk, analyst recommendations, earnings, dividends, institutional ownership and profitability.
- [By Stephan Byrd]
Kingstone Companies (NASDAQ:KINS) was upgraded by analysts at ValuEngine from a hold rating to a buy rating.
Kosmos Energy (NYSE:KOS) was upgraded by analysts at ValuEngine from a hold rating to a buy rating.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Kingstone Companies (KINS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Hot Performing Stocks To Own Right Now: Huntington Ingalls Industries, Inc.(HII)
Advisors' Opinion:- [By Ethan Ryder]
Advantus Capital Management Inc decreased its holdings in Huntington Ingalls Industries (NYSE:HII) by 17.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,606 shares of the aerospace company’s stock after selling 987 shares during the period. Advantus Capital Management Inc’s holdings in Huntington Ingalls Industries were worth $1,187,000 at the end of the most recent reporting period.
- [By Shane Hupp]
Envestnet Asset Management Inc. trimmed its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 14.2% in the first quarter, Holdings Channel reports. The institutional investor owned 4,522 shares of the aerospace company’s stock after selling 751 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $1,160,000 at the end of the most recent reporting period.
- [By Michael A. Robinson]
On Feb. 16, Huntington Ingalls Industries Inc. (NYSE: HII) snagged a massive $1.43 billion contract to design and build the LPD 29, a San Antonio-class amphibious transport dock.
- [By Logan Wallace]
Investors sold shares of Huntington Ingalls Industries Inc (NYSE:HII) on strength during trading on Monday. $13.37 million flowed into the stock on the tick-up and $51.08 million flowed out of the stock on the tick-down, for a money net flow of $37.71 million out of the stock. Of all stocks tracked, Huntington Ingalls Industries had the 29th highest net out-flow for the day. Huntington Ingalls Industries traded up $3.49 for the day and closed at $244.47
- [By Logan Wallace]
UBS Group AG lifted its stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 21.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 232,746 shares of the aerospace company’s stock after purchasing an additional 40,795 shares during the period. UBS Group AG owned 0.52% of Huntington Ingalls Industries worth $59,992,000 at the end of the most recent quarter.
No comments:
Post a Comment