Biotech Top Gainers: Biogen Idec Inc. (BIIB) and Intuitive Surgical, Inc. (ISRG)

Corporate earnings season is already in full swing presenting an opportunity to watch the headline revenues and earnings per share of stocks in the market affected by various macro-economic trends. Four weeks ago, Biogen Idec Inc. (NASDAQ:BIIB) and Intuitive Surgical, Inc. (NASDAQ:ISRG) were laggards in the S&P but have since picked up  in the market after impressive second-quarter earnings according to Fox Business analyst, Charles Payne.

Biogen Idec Inc (NASDAQ:BIIB)

Payne remains bullish on the two biotech-companies which have continued to show signs of growth in the market despite not being under a close watch of many analysts at Wall Street. Biogen Idec Inc. (NASDAQ:BIIB) and Intuitive surgical were the top gainers on the NASDAQ yesterday.

“Four weeks ago they were laggards Biogen Idec Inc. (NASDAQ:BIIB) is one of them and here is an interesting thing, every Friday in my scoreboard, in my scorecard, I give myself grades and Last week this was my only laggard and I told people don’t give up on Biogen Idec Inc. (NASDAQ:BIIB),” said Charles Payne.

Intuitive Surgical, Inc. (NASDAQ:ISRG) is also doing extremely well in the biotech space attributed to its surgical robot machine, da Vinci Xi System that continues to garner impressive reviews in the medical space. The company’s stock was yesterday up in the market, by 16% even though the market was extremely volatile. Mr. Payne believes Intuitive surgical stock could reach the $700 mark in the market sooner than later.

The company’s da Vinci surgical machine continues to be the driving force behind the recent drive in the market of which Mr. Payne believes there is no competition that could pose any immediate competition going forward.

“This company and their device is just absolutely amazing. You talk to people, from the majority of people who have ever had an operation with that da Vinci machine, and they are blown away; this is a robotic surgery, they are pioneers there is no one who can touch them in the world,” said Mr. Payne.

Intuitive Surgical, Inc. (NASDAQ:ISRG) is, on the other hand, facing stiff hospital capital spending environment that could considerably affect its sales going forward. In the past, the company has also been under fire due to incidents that have raised doubts over the robotic surgical technology.


Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!