4 biopharmas in the spotlight

A couple companies reporting this week are looking for a spark to turn around dismal stock performances, while others are hoping to keep upward momentum alive.

By Stock Traders Daily Feb 19, 2013 11:47AM

Droplet Falling from Pipette into Test Tube coyright Andrew Douglas, Radius Images, Getty ImagesBy Billy Fisher

 

This week the spotlight at Stock Traders Daily will be on the biopharma industry as several companies in the sector are slated to announce their quarterly results. 


On trial

On Thursday after the market close, Exelixis (EXEL) will announce its Q4 results. The consensus among analysts is that the company will announce a loss of $0.24 per share on $9.5 million in revenue.

 

Traders will be looking to see if the company hints at how Cometriq has been received in the U.S. The thyroid cancer drug became available in the U.S. last month. It is unlikely to make an immediate impact on the bottom line for Exelixis, but if the drug ultimately receives approval for a prostate cancer indication it could give the company's stock a major boost down the road. In the meantime, the stock could face resistance.

 

Another biopharma for traders to monitor heading into Thursday is InterMune (ITMN). Analysts are calling for the company to check in with a $0.87 per share loss on $8.3 million in revenue.

 

The stock has lost more than one third of its value during the past year, but there could be light at the end of the tunnel. A positive outcome from the company’s phase 3 trials for its lung-disease drug, Esbriet, could breathe some signs of life into InterMune. In the meantime the stock is likely to trade sideways.

 

Heating up

Two of the more promising biopharma stocks for traders to watch as the week unfolds are BioMarin Pharmaceutical (BMRN) and Onyx Pharmaceuticals (ONXX). Both companies are slated to report their earnings after the closing bell on Thursday.

 

BioMarin is expected to announce a loss of $0.27 per share and a 20.2% rise in revenue. The stock has put together an impressive tape as its 50-day moving average has held above its 200-day moving average during the last 12 months. Barring a surprise to the downside, this stock will continue to push higher.

 

Although its stock price has ticked down slightly since the start of the year, Onyx has a similarly impressive tape for traders to consider. The 50-day moving average has also held above the 200-day moving average for the last 12 months. The company has three approved therapies with additional indications in late stage trials. Onyx still has room to run.   

0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

115
115 rated 1
269
269 rated 2
445
445 rated 3
614
614 rated 4
684
684 rated 5
678
678 rated 6
608
608 rated 7
454
454 rated 8
310
310 rated 9
138
138 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ARCPAMERICAN REALTY CAPITAL PROPERTIES Inc10
ATVIACTIVISION BLIZZARD Inc10
BIDUBAIDU Inc10
BMYBRISTOL-MYERS SQUIBB CO.10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.