$PFE with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for $PFE following a negative under reaction after its earnings release placing the stock in Drift D
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4PFE trade ideas
Pfizer D1Pfizer is one of the largest pharmaceutical companies in the world. Its shares are among the first echelon of the American market. Companies with the largest capitalization. To date, the company's vaccine against coronavirus is the most effective. What allows the company to pick up the main market. To date, the progression of the disease is very intense. Over the past month, the number of patients has increased by 20 percent. From 100,000,000 it reached 120,000,000 people. You need to understand that the situation with the disease will not end very quickly. And this will be a good chance for the company to capitalize on this. Moreover, you need to understand that in many countries draft laws on compulsory excitation are being developed. That will enable the company to receive large government contracts worth millions and billions of dollars. That will be a good incentive for the growth of stocks.
It is finally time for PFE?After many years of consolidation is PFE finally got "star" fame?
Like we can see monthly chart it's almost close to make a beautiful reversal Head and Shoulder chart for strong push up on fundamentals wings.
As pandemic subside and hope that Covid-19 pass through behind ours backs, forward P/E and revenues is strong on PFE side, so buy area will be good setup for as the Redditors would say "PFE to the moon" haha...
Thank you very much for reading, if you see that this chart is interesting and feel free to press like and comment, every comment is welcome :)
NYSE:PFE
PfizerPfizer's revenues for Q4 and the year announced last week are up 8% in 2020. Pfizer's $ 1.56 annual dividend payout currently corresponds to a 4.5% yield. These returns are well above the S&P 500 average.
As of February 2021, Pfizer has 95 completed projects, 24 of which are in phase 3. Pfizer expects 2021 to be a record year with revenues ranging from $ 60 billion to $ 61 billion. The COVID-19 vaccine business will be profitable consistently in 2021 and beyond.
The obvious risk today for Pfizer and the profitability of the pharmaceutical industry in general is the Biden administration's plans to reform healthcare and cut costs.
Based on current fundamentals, Pfizer shares should again bounce off $ 34 and may well reach $ 37 and $ 42, respectively.
Investment idea.
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PFE - Wedge breakout target $39PFE is in descending wedge. IF breakout happen, near term potential target is $39.
Entry - below $35
Exit - 30% $39, 30% $43, 40% - $55
Worst case - $32.79
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Disclaimer: Do your own DD. Not an investment advice.