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Stock impact report

3 Under-$10 Drug Stocks Wall Street Analysts Recommend Buying [Yahoo! Finance]

Allogene Therapeutics, Inc. (ALLO) 
Last allogene therapeutics, inc. earnings: 2/27 04:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
It started on a positive note, attracting investors' attention in areas with great commercial potential, like obesity, immunology and gene therapy. However, their interest started to wane in the second half of the year amid lower-than-expected third-quarter results, guidance cuts and pipeline setbacks. While Wall Street viewed Trump's victory as an accelerant for M&A activity in the sector, the President-elect's decision to nominate vaccine skeptic Robert F. Kennedy Jr. to run the Department of Health and Human Services concerned investors in biotech stocks. These factors have negatively impacted nearly all companies in the industry. Year to date, the biotech sector has declined nearly 14%. Despite the above headwinds, we expect the biotech industry to remain a focal point for investors, driven by demand for innovative medicines. People could consider investing in biotech stocks for their high growth potential and resilience during economic downturns. The sector also benefits from Show less Read more
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