Sunday, October 21, 2007

Biotech Earnings Week

This is going to be a big earnings week for biotech companies. Here are the companies reporting earnings: Biogen Idec (Ticker: BIIB) on 10/23, Genzyme (Ticker: GENZ) on 10/24 and Celgene (Ticker: CELG) on 10/25. I think all of these companies will report very good earnings that should beat the Street estimates. People will probably want to know about the bidding process during Biogen’s call, but you can bet that they won’t mumble a single word. Genzyme recently popped with good phase II clinical results from Campath for the treatment of MS. I think the bigger news was the FDA positive recommendation for use of phosphate binders in pre dialysis patients. This opens up a huge market opportunity for Genzyme. Genzyme is consolidating here after a nice run up; it’s going higher. And finally Celgene, this is a momentum play… they better beat and guide up or else!

1 Comments:

At October 25, 2007, Blogger z-stock said...

hi Money turtle
SPY getting ready to go to 171, xmas rally, full explanation at my blog site ...look for S= SNE,SPY,SNDK...

http://z-stock.blogspot.com/

 

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