A total of five companies were identified, two small caps (less than $1 billion) and three mid caps (from $1 to $5 billion). The basis for these trades is biotechnology’s favorable season as detailed on page 92 of the Stock Trader’s Almanac 2013. All five recommendations will be tracked in their respective Almanac Investor Portfolios and will appear in the next update.
Alkermes (ALKS) is the final company of the day with a Magnet Score of 510. ALKS has retreated from its late May run of new 52-week highs. On a valuation basis, ALKS is the least attractive in this group. However, with a growth ratio over 300 and earnings growth even higher it is an attractive company.
Disclosure Note: At press time, the Magnet AE Fund did not have a position in ALKS. Mr. Kimmel, Mr. Hirsch and the Magnet AE Fund may buy or sell securities mentioned in this article at any time.
Magnet® is a registered trademark of Jordan Kimmel. Jordan L. Kimmel is the Managing Member & Portfolio Manager of Magnet AE Management LLC and Jeffrey A. Hirsch is the Chief Market Strategist and a limited partner in the Magnet AE Fund.
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