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

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

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!