Big Pharma Emerges From the Wilderness

The four horsemen of the big pharma apocalypse are back, and they are flying. For weeks now Biogen Idec (BIIB), Celgene (CELG), Gilead (GILD) and Regeneron (REGN) have drifted lower. The stocks have been under heavy pressure from an economy that looked like it was accelerating, which caused people to want to sell recession-proof stocks, and from an overheating of the biotech initial public offering market, which had gotten out of hand.

As a long-term believer in this group, I'm accustomed to the periodic swoons, and I thought it was a terrific opportunity to pick some up. Now that judgment is being validated, and it isn't too late to add to positions....521 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.