All the upgrades.. Very bullish article by Barron.. $15B to 17B cash Flow.. WYE provoding $6B in earnings upon acquisition.. Est $2.42/Share Earnings in 2012.. 100 drugs in the pipeline and 2 major ones for Rheumatoid Arthritis and Alzheimer in final 3rd phases of trials..
And PFE does nothing ..up mere $0.11 today while DJ is up 115 points.
PFE seems like a big dog that just wont hunt. I was so disappointed by its action today. Now I think we be lucky to see PFE at $17 by the end of September.
You shouldn't be asking "what has this stock done lately" right after it surged by 17% in just eleven sessions from $14.20 to $16.62.
After that kind of a rally, PFE simply needs time to digest its gains and a favorable article in Barron's just isn't enough to have it go up another point or two without an adequate interval where it can rest.
This market has suddenly become one of the most speculative since 1999 and early 2000 with low-quality stocks going up 3, 5 and even 10-fold while many solid, conservative defensive stocks are just languishing. This state of affairs won't continue forever.