Big Pharma Report: August 16, 1998
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Big Pharma Review
- For the fourth consecutive week, Big Pharma declined (-0.1%) as compared to larger declines for the Dow (-2.0%) and the NAStie (-3.1%). This week's winners include GLX (+3.9%), MRK (+2.8% on a ML upgrade), and SBH (+2.3%). This week's losers include PNU (-5.4%), PFE (-2.2%) and AHP (-1.8%).
-YTD, Big Pharma (+24.3%) is tripling the correcting Dow (+6.5%) and almost doubling the NASTie (+14.0%).
-In the YTD race, the "Big 3" still held their positions with #1 WLA (+70.8%) followed by SGP (+52.5%) and PFE (+35.7%). AHP (+32.2%) is right behind based on its Monsanto deal. LLY (-1.4%) is almost in the black.
Special Analysis
Last Friday Versus Pre-Viagra Date
To evaluate how Big Pharma has performed since the introduction of Viagra, an analysis of Big Pharma prices as of 4/03/98 was conducted with prices as of last Friday's close. Here are the key findings:
-During this period, Big Pharma increased 2.9% as compared to a 6.2% decline for the Dow.
-Surprising, PFE is lower today (-0.7%) than before Viagra was stocked in record breaking levels in pharmacies on 4/03/98.
-The leading Big Pharmas during this period were AMGN (+19.5%), LLY (+17.0%), and WLA (+15.3%)
Last Friday Versus the Dow High Date
On Friday, July 17, 1998, the Dow (9,338) and the S&P (1,187) reached their all-time highs. Here is how Big Pharma has performed since that date:
-During this period, the Dow has corrected 9.8% as compared to slightly lower decline for Big Pharma (-8.4%).
-Only one Big Pharma...LLY (+1.6%)...has increased. LLY is also the only Big Pharma to show a YTD decline.
-The greatest declines during this period were for SBH (-15.2%), BMY (-13.8%), PFE (-12.6%) and WLA (-11.2%).
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News You Can Use
-A total of 3.625 million Rxs have been written for Viagra. There have been 2 anecdotal reports of temporary vision lost reported to the FDA. Guess what Rochelle Sharpe of the Wall Street Journal felt was the most important stat? "2" of course.
-Smoking and ED- A report from Pacifica Radio webactive.com
-The Battle between Bulls and Bears- James J Cramer fnews.yahoo.com
-PFE 10 Q Quarterly Report
edgar-online.com
-Analysts Review Howmedica Sale smartmoney.com
Analysts' Roll-Call
- Broker Ratings Summary quicken.com
PFE News Links
Yahoo Link quote.yahoo.com
Motley Fool Link quote.fool.com
Pink Sheets. fdcreports.com
ED News Links
Yahoo Link quote.yahoo.com
Motley Fool Link quote.fool.com
Yahoo Viagra Link headlines.yahoo.com |
