Number 10, it had to be $PFE.
Legacy sector leader, at a 22 year low, fantastic dividend, oversold and drastically below its 200 WMA.
I upload $PFE a lot so we know that the major risk here is that the price can still flush down to the 0.78 Fib at $22 and the yellow support line that has been in place since 1990, yes 35 years ago but if does happen, the dividend will continue to increase and will make this even more attractive and certainly a stock you could buy and never sell.
$PFE always appears to be in the right place for every epidemic and any lag they find themselves in should be seen as an opportunity and the situation they are in now is very similar to 2008, where the price tested the yellow support line at $10 and then bounced up to $61 a decade later.
$PFE consistently have a number of drugs ready to finalise Phase 3 and they have prepared for their next cycle by buying Seagen in late 2023 for $43 Billion, which focuses on the Cancer market.
So finally, this is the Weekly chart:
200 WMA is at $40 now, with the current price at $26.50, a jump from the 50 Day MA at $27.80 to the 200WMA is a +41% jump and we have seen countless times how much the 200 WMA behaves like a magnet for good companies (Even $BA)
Dividend of +6.5% is so attractive that even if the share price was flat for the year, this dividend alone could possibly beat the market next year. Which is incredible to think.
Legacy Market Leader, strong brand, universally known across the globe now.
22 year low, FWD PE of 9, Gross Margin of +58%
Weekly RSI is at 41 and recovering.
I speak to many Doctors who are members of our group and for them $PFE is a clear add for 2025 to weather the potential market storm.
Fair Value is $77, which would mean a new ATH and +200% gain from current levels.
Earnings turned positive this summer and stabilising now, with a FCF of $10 Billion per year, Market Cap of $150 Billion.
On our regular chart of $PFE I have shown that this is in an impulse wave now already recovering, pending no surprises from RFK Jr on this sector, I believe this will start recovering now and it is unlikely that a test of the $22 level will come.....however, I would fully embrace the opportunity to add $PFE at $22, for a lifetime hold then.
Teej
2025-04-06 14:12:23 +0000 UTCGh0stSpeed
2025-01-21 02:53:32 +0000 UTCDC
2025-01-02 17:35:35 +0000 UTCGareth Neary
2025-01-01 19:11:12 +0000 UTCLimpy
2025-01-01 19:08:10 +0000 UTC