More Genentech
Today, I made some minor adjustments to my retirement portfolio. I sold Novartis (NVS) today for a ~9.6% gain over a three month period. I used the cash from the Novartis sale and purchased some more Genentech (DNA). So this is my third purchase of Genentech over a three year period. See the chart below for the Genentech purchases.
Genentech reports after the bell today. The results will be good, but how good?
posted by Money Turtle @ 1:09 PM
3 comments
3 Comments:
Does that mean you think Genentech will outperform Novartis?
Yeah, Novartis is one of the best big cap pharma companies. I still like it, but I just see more growth opportunities in Genentech. The long term earnings growth rate for Novartis is ~11%(pretty good for a big pharma) vs. Genentech, which is expected to grow earnings 35%+ for the next 3-5 years. Obviously there's more risk in Genentech, but bigger reward as well.
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