Big Pharma Report: August 30, 1998
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Big Pharma Review
- Despite a 1.6% weekly decline, Big Pharma was very strong as compared to the Dow (-5.6%, S&P (-5.0%) and the very NASTie (-8.8%) as investors continue to seek a haven for quality.
- LLY and AHP set 1998 all-time highs.
- Reflecting the expedited review of Celebra, AHP (+5.8%) was the weekly leader and moved ahead of PFE in the YTD race. So much for concern about Redux litigation.
-This week's decliners were all less than the Dow; PNU (-5.5%), ABT (-4.5%), and PFE (-4.2%).
-For the month, Big Pharma is down 1.7% as compared to a 9.4% decline for the Dow and 12.4% decline for the techie NASTie . AHP (+9.3%) has taken over the August lead over Da Cup (+7.8%%) is the monthly leader. PFE remains 7.5% in the hole. In August, 1997, PFE declined 7.0% before increasing 8.7% in September and 17.3% on October.
-YTD, Big Pharma (+26.3%) is very impressive as compared to the Dow (+1.8%), S&P (+5.8%) and the NASTie (+4.4%). Every Big Pharma is showing a gain.
-In the YTD race, there is a new "Big 3" #1 WLA (+80.0%) followed by SGP (+52.9%) and AHP (+47.2%). PFE dropped one spot with a 36.3% YTD increase.
-In an analysis of current Big Pharma prices versus their highs, the following companies show the greatest declines from their 1998 highs; SBH (-19.0%), AMGN (-17.9%), and PFE (-16.5%). The Dow has officially corrected with a 13.8% decline off its high of 9,338 (7/17/98). In comparison, Big Pharma is 6.9% off its alltime high set on June 11,1998.
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News You Can Use
-Celebra Receives FDA Expedited Review
news.com
-BBC: Viagra set for European Lift-off
news.bbc.co.uk
Viagra EU Approval
news.com
Australia Approves Viagra
quote.bloomberg.com
BBC Survey: 66% would take Viagra
news.bbc.co.uk
The Debate About Viagra's Safety Continues
moneynet.com@NEWS-P1&Index=0&HeadlineURL=../News/NewsHeadlines.asp&DISABLE_FORM=
How Viagra is Saving Lives
sun-sentinel.com!5500000000049128,00.html
Viagra Vexes Rivals
cnnfn.com
Zonagen: Bad Science
houston-press.com
VVUS Hangs Out For Sale Sign
sfgate.com
Analysts' Roll-Call
- Broker Ratings Summary quicken.com
Market Environment Links
-Briefing.com Market Updates
briefing.com
-Briefing.com Market Environment
briefing.com
-The Federal Reserve Beige Book
bog.frb.fed.us
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 |
