Pfizer(PFE)

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Pfizer: Cheap For A Reason, But I Remain Bullish
Seeking Alpha· 2024-09-05 12:00
JHVEPhoto My thesis After publishing a bullish thesis on Pfizer (NYSE:PFE) on June 5, the stock initially rallied, climbing to over $30 per share by the end of July. This surge seemed to validate the optimistic outlook. Pfizer's initial momentum, unfortunately, didn't last. The stock price dropped sharply following the Q2 earnings report release. This decline was particularly notable given the broader market context. While the overall stock market grew by 3% during this period, Pfizer's stock went again ...
Pfizer (PFE) Ascends While Market Falls: Some Facts to Note
ZACKS· 2024-09-04 22:50
The most recent trading session ended with Pfizer (PFE) standing at $28.39, reflecting a +0.32% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.16% loss on the day. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.3%.Heading into today, shares of the drugmaker had lost 3.48% over the past month, lagging the Medical sector's gain of 4.7% and the S&P 500's gain of 3.64% in that time.Investors will be eagerly watching for the performa ...
Pfizer Inc. (PFE) Morgan Stanley 22nd Annual Global Healthcare Conference (Transcript)
Seeking Alpha· 2024-09-04 18:32
Pfizer Inc. (NYSE:PFE) Morgan Stanley 22nd Annual Global Healthcare Conference September 4, 2024 8:30 AM ET Company Participants David Denton - Chief Financial Officer Conference Call Participants Terence Flynn - Morgan Stanley Terence Flynn All right, great. We're going to get started here. For important disclosures, please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. Very pleased to be hosting Pfizer this morning, CFO, Dave Denton. I'm Terence Flynn from ...
Pfizer Inc. (PFE) Morgan Stanley 22nd Annual Global Healthcare Conference (Transcript)
2024-09-04 18:32
Pfizer Inc. (NYSE:PFE) Morgan Stanley 22nd Annual Global Healthcare Conference September 4, 2024 8:30 AM ET Company Participants David Denton - Chief Financial Officer Conference Call Participants Terence Flynn - Morgan Stanley Terence Flynn All right, great. We're going to get started here. For important disclosures, please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. Very pleased to be hosting Pfizer this morning, CFO, Dave Denton. I'm Terence Flynn from ...
3 Bargain-Priced Growth Stocks for Fall 2024
MarketBeat· 2024-09-04 11:32
Market Overview - Market volatility presents opportunities for investors to capitalize on discounted investment prospects, particularly in high-quality growth stocks facing price declines [1] - Economic concerns, including a potential U.S. economic slowdown and the Bank of Japan's interest rate hike, contribute to market turbulence [1] Investment Strategies - "Buying the dip" is a key value investing strategy that involves acquiring assets during market downturns, relying on thorough fundamental analysis [2] - Diversification across various sectors is essential to mitigate risk and align investments with financial goals and risk tolerance [2] Pfizer Analysis - Pfizer's stock has declined approximately 20% from its 52-week high, primarily due to concerns over falling COVID-19 vaccine sales [3] - The company has a diversified portfolio, including leading oncology drugs and a strategic $43 billion acquisition of Seagen, expected to add eight new drugs by 2030 [4] - Pfizer's second-quarter 2024 revenue exceeded $13 billion, marking a 3% operational increase year-over-year, with a 14% surge in revenue excluding COVID-19 products [4] - Key products like Vyndaqel and Nurtec ODT/Vydura have shown exceptional performance, with revenues increasing by 71% and 44% year-over-year, respectively [4] - Pfizer holds approximately $7 billion in cash reserves and offers a 5.89% dividend yield, indicating strong fundamentals and potential long-term growth [5] PayPal Analysis - PayPal commands approximately 40% of the global online payment processing market, with a recent stock price increase of 16% over the past month [7] - Despite trading 77% below its all-time high, PayPal's Q2 2024 revenue reached $7.9 billion, an 8% year-over-year increase, with operating income at $1.3 billion, a 17% increase [8] - Total payment volume expanded by 11% to nearly $417 billion, reflecting continued user engagement and strong cash flow generation [8][9] - PayPal's financial health is robust, with over $18 billion in cash and investments, positioning it as a compelling rebound play in the technology sector [9] SoFi Technologies Analysis - SoFi aims to be a leading platform for millennials in financial services, with a digital-first approach and a suite of products [11] - The company achieved $2.24 billion in revenue over the past year, with projected annual earnings growth of over 50% [12] - Despite recent profitability, SoFi's financial performance remains volatile, having reported a substantial net loss of $320 million in fiscal year 2022 [12][13] Conclusion - Pfizer, PayPal, and SoFi are potentially undervalued companies with strong fundamentals and growth prospects, making them attractive investment opportunities in a volatile market [14]
Acepodia Enters Strategic Clinical Collaboration with Pfizer to Accelerate Development of Antibody-Cell Conjugation-Based Cell Therapies in Autoimmune Diseases
Prnewswire· 2024-09-03 21:00
Through Pfizer Ignite, Acepodia will gain access to Pfizer's resources, scale and expertise as the company broadens the application of its platform beyond oncology into autoimmune diseasesPfizer Ignite will also provide strategic advisory support for Acepodia's ongoing clinical programs, ACE1831 in NHL and ACE2016 in solid tumorsAcepodia's lead ACC platform therapy has shown clinical benefits in oncology without the limitations of current CAR-T cell therapiesALAMEDA, Calif. and TAIPEI, Sept. 3, 2024 /PRNews ...
Valneva and Pfizer Report Further Positive Phase 2 Booster Results for Lyme Disease Vaccine Candidate
GlobeNewswire News Room· 2024-09-03 05:00
VLA15-221 Phase 2 study: strong immune response shown one month after a second booster dose (month 31) in pediatric and adult populationsSignificant anamnestic antibody response observed across all six serotypes, consistent with previous resultsFavorable safety profile of VLA15 observed in all age groups and for all vaccinations Saint-Herblain (France) and New York, NY, September 3, 2024 – Valneva SE (Nasdaq: VALN; Euronext Paris: VLA) and Pfizer Inc. (NYSE: PFE) announced today positive immunogenicity and ...
Why Is Pfizer (PFE) Down 5.9% Since Last Earnings Report?
ZACKS· 2024-08-29 16:37
A month has gone by since the last earnings report for Pfizer (PFE) . Shares have lost about 5.9% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Pfizer due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Q2 Earnings & Sales BeatPfizer’s second-quarter results were ...
Pfizer Follows Lilly's Example, Unveils DTC Service for Selling Drugs
ZACKS· 2024-08-28 17:11
Pfizer (PFE) is launching a new direct-to-consumer (DTC) website called PfizerForAll, which will allow patients to order its marketed products for COVID-19, influenza and migraine directly.How the New PFE Platform WorksThe digital pharmacy will offer a convenient home delivery option for Pfizer medicines through third-party pharmacies. The new website also provides access to scheduling same-day appointments with independent healthcare professionals, either in-person or online.PFE is also offering adult user ...
Why Walgreens Boots Alliance Plunged Today
The Motley Fool· 2024-08-27 20:01
Major drug companies are increasingly going direct-to-consumer.Shares of beleaguered drug store and pharmacy chain Walgreens Boots Alliance (WBA -8.81%) fell 8.4% on Tuesday as of 3:22 p.m. ET.The reason for the drop today appears to be twofold: One, Pfizer unveiled its own direct-to-consumer telehealth and e-commerce platform. Two, Eli Lilly announced it would be cutting prices for its GLP-1 drug Zepbound by 50% for certain doses, when ordered directly from the drugmaker's LillyDirect e-commerce platform.W ...