not vested
THE ELECTION IS CRUSHING THIS SECTOR
Today's chart shows that one of the market's greatest "boom and bust" sectors is in "bust" mode...
As regular readers know, folks love the idea of investing in the next blockbuster drug or "miracle pill." This draws in speculative money flows. As we often say... get in early on the booms, avoid the busts, and you can make great money in biotech.
But right now, biotech is struggling. We can see this by looking at Novo Nordisk (NVO). The company is the world leader in insulin and diabetes care and the world's largest producer of industrial enzyme products.
The pricing of biotech drugs is a hot topic right now. And biotech firms are drawing increasing scrutiny over their cost. A new White House regime could mean lower profits and greater oversight in the sector.
Shares of NVO are feeling the pressure, down 31% this year. If the government gets more involved in pricing drug treatments, biotech may continue to slide...
Source: Daily Wealth