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NYSE:SNY
The best time to buy drug stocks is after they have faced a patent cliff. They have lots of cash but they have to find new drugs by research or buy buying. Sanofi has lost competitions to buy drugs because they won’t pay too much for them. The stock has been behaving better lately as some of the acquisitions have been doing well. He thinks this is a good time to buy. (Analysts’ price target is $48.25)
A direct competitor of Novo-Nordisk (NVO-N) in one part of their business. Their franchise in multiple sclerosis and vaccine business is their big powerhouse, but overall, revenues only grew by 2% in the quarter, and they've seen a drop off in their diabetes cardiovascular unit, which is where the growth is. He prefers Novo-Nordisk.