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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!