These 2 Biotech Stocks Still Have Upside

The biotech sector has had a big move since the beginning of last week. Several multi-billion dollar acquisitions with big buyout premiums and good earnings reports have ignited the "animal spirits" in this high-beta space. Some of the major biotech indices have finally surpassed all-time peaks last seen in July of 2015, just before the sector went into a big bear market that took many of these indices down 40% peak to trough.

The ascent has been fairly broad-based, with both the industry giants and small developmental firms participating. After lagging the market badly for three years, Gilead Sciences (GILD) seems to have finally broken out of its funk. The purchase of CAR-T concern Kite Pharma (KITE) at the end of August and the approval of that company's primary drug candidate Yescarta soon thereafter has changed the narrative on the company. Its stock is rapidly nearing the $90 level, something it hasn't done in nearly two years....363 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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