3 Unstoppable Stocks to Buy Right Now
Some stocks sizzle, then fizzle. Others, though, build long-lasting momentum thanks to strong underlying business fundamentals. Three Motley Fool contributors believe they've found stocks in the latter category. Here's why they think (NASDAQ: AZN), Eli Lilly (NYSE: LLY), and Vertex Pharmaceuticals (NASDAQ: VRTX) are unstoppable healthcare stocks to buy right now.
David Jagielski (AstraZeneca): If you're buying a top growth stock, you often have to pay a hefty premium for it, but that isn't the case with AstraZeneca. Despite having a wealth of products in its portfolio and a lot of growth ahead, the pharmaceutical giant trades at a fairly modest multiple of 15 times next year's estimated profits (based on analyst estimates). The average stock on the S&P 500, in comparison, trades at a multiple of nearly 23.
What's great about AstraZeneca is that the business is diverse. It has many different types of drugs that have generated more than $1 billion in revenue for its operations through the first nine months of 2024. Oncology is a big area of its business. Earlier this year, it acquired Fusion Pharmaceuticals, a company that's involved in developing radioconjugates. These are more targeted treatment options for patients than chemotherapy and can lead to better outcomes.
Source Fool.com
