November 28, 2022, 10:33 am EST
Pharmaceuticals and BioTech
Two emerging industries, pharmaceuticals and biotechs, show their strength through their stock performance in October and November:
- Pharmaceuticals: MRK, LLY, ABBV, JNJ
- BioTech: AMGN, GILD, BIIB, MRNA, BNTX
Their defensive nature could be the main driving force behind the power. Aggressive tech companies, non-earning IPOs, virtual metaverse, and inflated cryptocurrencies look like fragile toys during the tough market cycles.
Thus, drugs and research could become the next emerging leaders. They are not fast-growing companies but offer a choice to invest during the bear market.
