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3 unstoppable stocks can be purchased in August

  • Investors like Abbvie stock for a number of reasons.

  • Eli Lilly remains the highest stock to buy and hold.

  • Vertex Pharmaceuticals is growing rapidly to expand its market beyond cystic fibrosis.

  • Our 10 Better Stocks than Abbvie›

The “IT” factor. Some stocks have. Other stocks don’t. But those are indeed unstoppable.

Three Motley Fool contributors believe they have found unstoppable stocks that bought in August with the “IT” factor — all in the healthcare sector. That’s why they choose Abbvie (NYSE: ABBV),,,,, Yililai (NYSE: LLY)and Pinpoint Drugs (NASDAQ: VRTX).

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Prosper Junior Bakiny (Abbvie): It has been more than two years since Abbvie lost patent exclusivity due to its best-selling drug, autoimmune disease medicine Humira. However, this did not stop Abbvie. It just slowed down temporarily. The company rebounded well and has since recovered first-class growth. Abbvie now has another sales therapy for Skyrizi, the world’s top ten sales therapies, targeting multiple immunologic conditions.

Skyrizi’s sales have been growing at an extremely fast pace. Abbvie’s immunology series, together with Rinvoq, successfully filled the gap left by Humira. This is an important reason to consider stocks: Abbvie’s ability to overcome important patent cliffs expresses a large number of roles about its ability to innovate. Apart from that, Abbvie’s lineup is very deep. It has older products that continue to make meaningful contributions to its financial performance, such as its Botox franchise and new products that can help drive growth over time, such as migraine treatment Qulipta.

Abbvie’s pipes also look very deep. The company should be able to record consistent clinical and regulatory wins.

Finally, we can’t mention Abbvie without pointing out its incredible dividend record. The company is part of the Exclusive Dividend Kings Group, with its positive continuous increase in 53 consecutive payments, including its time as a division of the former parent company Abbott Laboratory. Abbvie’s forward rate of return is much higher than S&P 500On average, it has a cash payment ratio of 61.8%.

Apart from a great base business, a strong lineup and a solid pipeline, Abbvie is an outstanding stock for investors seeking income. Investments in the company may yield higher returns in the long run.

David Jagielski (Eli Lilly): The stock that looks unstoppable now is Eli Lilly. While many investors will focus on their very successful GLP-1 drug, Zepbough and Mounjaro are the main reasons for investing in the business, there are more reasons behind the company and why it is the highest growth stock.

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