PFE (Pfizer) How high will it go? Message Board

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Biotech / Medical : PFE (Pfizer) How high will it go?

PFE 25.85

+0.2%

Dec 12 9:30 AM EST

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To: Solid who wrote (4481)	7/20/1998 8:18:00 PM
From: BigKNY3	of 9523

News From AOL Market Day. Have PFun! BigKNY3 WARNER-LAMBERT (WLA) 79 9/16. Drug companies are as hot as tech companies, and ones that beat earnings estimates look like they will keep on going. Before the open on Monday, WLA reported second quarter earnings per share of $0.40, 3 cents ahead of expectations and up from year ago $0.28 as revenue rose 30%. Pretty darn good numbers. The stock is indicated to open 2 to 3 points higher. Drug stocks are typically very reliable in delivering "in-line" earnings numbers. Lately, however, they have been even more reliable in delivering earnings above expectations. Last week, Pfizer (PFE) also reported blow-out numbers, reporting earnings at $0.47, 3 cents ahead of expectations on July 9, and the stock took off. Drug companies are doing extremely well, and have become trading vehicles not only for the large mutual funds that have always loved them, but for the day trader as well now. Looking ahead to reports from other drug companies, Bristol-Myers (BMY) and Merck (MRK) are both due to report after the close Tuesday.

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