Given its better valuation, we believe that Bristol Myers Squibb stock (NYSE: BMY) is currently a better pick than its peer – AbbVie stock . BMY stock trades at a much lower multiple of 2.2x revenues, versus 6.2x for ABBV.
The latest trading day saw AbbVie (ABBV) settling at $191.26, representing a -1.16% change from its previous close.
If approved, this will be the first regulatory approval for ABBV's Elahere in the European Union.
As a dividend growth investor focused on income, I recommend raising cash and selling lower-quality stocks due to potential recession risks. Historical data shows that rate cuts often precede recessions, making it prudent to increase cash positions and reduce exposure to vulnerable stocks. Despite some reasonable buying opportunities, I prefer holding cash in ETFs like SGOV for liquidity and safety during uncertain economic times.
AstraZeneca and AbbVie outperformed the benchmark S&P 500 index over the past three-year, five-year, and 10-year periods. AbbVie offers a relatively high yield due to declining sales of its former lead drug Humira.
AbbVie (ABBV) closed at $193.45 in the latest trading session, marking a -1.16% move from the prior day.
AbbVie's dividend growth has slowed, but new drugs are offsetting Humira's decline. The company's debt levels and payout ratio are high, but its shares screen as undervalued.
Analyzing the board of directors is a quick way to assess people power. Scientific advisory boards are easier to analyze than they might seem.
AbbVie has proved it can adapt to a fast-changing environment. Eli Lilly has a sustainable culture of growth.
AbbVie is a Dividend King that's proven it can successfully navigate patent cliffs. Brookfield Infrastructure offers attractive distributions and has a solid long-term growth strategy.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
AbbVie is a superbly managed organization. The company's leaders expertly positioned it for Humira's loss of patent protection.