Go Amgen...

Very nice numbers after the close from Amgen (Ticker: AMGN). They beat the top / bottom line and also increased guidance for the year. Amgen is still cheap and these numbers will propel the stock higher. My favorite biotechs right now are Amgen and Genentech (Ticker: DNA). I also like Gilead (Ticker: GILD), but it's a bit pricey in terms of valuation. I would like a pull back before initiating a position in Gilead. The Amgen and Genentech charts look great!