Are These Top Biopharmaceutical Stocks In Your September 2021 Watchlist?
As stocks continue to sell off this September, biopharmaceutical stocks continue to gain traction in the stock market today. Aside from investor fears over broad-based selling, new economic data from China is also weighing in on the stock market now. Namely, China’s retail sales, industrial production, and fixed-asset investment growth all slowed down significantly in August. This would, to some extent, affect the overall outlook regarding global economic recovery now. Additionally, there is also the factor of the more infectious Delta variant of the coronavirus persisting across the globe.
For the most part, all of these factors could highlight the biopharmaceutical industry now. As concerns rise over the global reopening trade, investors would turn towards more defensive stocks. The likes of which would include biopharma giants such as AstraZeneca (NASDAQ: AZN) and Sanofi (NASDAQ: SNY). Notably, both companies are also hard at work expanding their operations now. On one hand, AstraZeneca is now working to support general health care research in Saudi Arabia. On the other hand, Sanofi completed its acquisition of Translate Bio, a biotech company that specializes in mRNA gene therapy. With all this activity in the biopharmaceutical space now, here are 5 biopharmaceutical stocks to watch this week.
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