Trade Idea
Enter Long
- Ideal price is $64-$66
Stop Loss
- $64.4
Profit Target
- $70-$71
ARK fund is dumping Bristol-Myers Squibb (BMY), should you?
Yet another solid company with solid financials who is currently trading at 65.6% below estimated fair values. Earnings are forecasted to grow 30.88% per year. This stock also pays out a reliable dividend of 2.96%. Caution as there has been significant insider selling over the past 3 months. I plan on buying this at open tomorrow and holding for a few weeks or until price target is reached.
For the six months ended 30 June 2021, Bristol-Myers Squibb Co revenues increased 9% to $22.78B. Net income totaled $3.08B vs. loss of $860M. Revenues reflect Prioritized Brands-Eliquis segment increase of 18% to$5.68B, Prioritized Brands-Revlimid segment increase of 6%to $6.15B, United States segment increase of 9% to $14.4B,Europe segment increase of 11% to $5.24B.
Enter Long
- Ideal price is $64-$66
Stop Loss
- $64.4
Profit Target
- $70-$71
ARK fund is dumping Bristol-Myers Squibb (BMY), should you?
Yet another solid company with solid financials who is currently trading at 65.6% below estimated fair values. Earnings are forecasted to grow 30.88% per year. This stock also pays out a reliable dividend of 2.96%. Caution as there has been significant insider selling over the past 3 months. I plan on buying this at open tomorrow and holding for a few weeks or until price target is reached.
For the six months ended 30 June 2021, Bristol-Myers Squibb Co revenues increased 9% to $22.78B. Net income totaled $3.08B vs. loss of $860M. Revenues reflect Prioritized Brands-Eliquis segment increase of 18% to$5.68B, Prioritized Brands-Revlimid segment increase of 6%to $6.15B, United States segment increase of 9% to $14.4B,Europe segment increase of 11% to $5.24B.