There are so many reasons to bet against this market right now, at least if youâre only listening to the mainstream media. Simply put, fear sells â and they are great at getting your attention. Housing markets are collapsingâ¦A banking crisis is coming...A depression is around the corner⦠But, anyone who has been betting against this market this year has gotten destroyed. I ignore the media and continue to follow price action and I canât see anything but reasons to be bullish right now. There is one sector, in particular, that has my attention, and that is pharma stocks. ð The reason is that this sector is starting to play âcatch upâ with the other indexes. That means it is making a bigger move lately than other leaders like tech stocks. Just look at the small cap biotech index â up over 18% in just the last 2 months⦠Underlying this move higher are some stocks that have been making incredible gains that you probably have missed out on. Maybe you didnât even know about them? Like Reata Pharma (RETA), which is up over 170% year-to-date. Or how about tiny Immunogen (IMGN) which is up a staggering 225% in just the last 2 weeks? And one of my favorite under-the-radar trades this year is on Biomea Fusion (BMEA) which is up a whopping 300% (so far) this year. This is a sector that is ripe with opportunities right now and I think I have found the next stock that is ready to make a big splash! You are absolutely going to love this stock. It has everything I am looking for: A history of dividends, huge sales numbers, strong institutional ownership, great insider track record and significant owner of the stock, excellent technicals, and as you might imagine â analysts love the stock, too! Iâm putting the finishing touches on my email right now, so make sure you join me again first thing tomorrow morning when the market opens. Iâm excited to share all of the details with you and why I think this one has such a unique opportunity right now! The market is hot, and this is an awesome time to look for brand new ideas. I think this is going to be another ð¥idea coming your way, so get ready! Have a great night and Iâll talk to you again in the morning. To Your Success, Jeff Bishop
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