3 Red-Hot Stocks That Could Continue to Beat the Market
All the major U.S. indexes are in bear territory now, and many solid stocks have contributed to the market's downward tumble. But even during this rough year, some have been beating the market, and many of those outperformers can be found in the healthcare sector. Investors often favor that industry during tough times because its earnings are less at risk -- patients can't do without the products these companies sell.
Shares of Axsome Therapeutics (NASDAQ: AXSM), Regeneron Pharmaceuticals (NASDAQ: REGN), and Vertex Pharmaceuticals (NASDAQ: VRTX) have actually been climbing this year, and it doesn't look as if those trends will end any time soon.
Axsome Therapeutics attracted investors' attention as it moved closer to product commercialization. First, it acquired Sunosi, a drug to treat sleep disorders, from Jazz Pharmaceuticals, and began selling it this spring. The drug brought in more than $8 million in about six weeks. If we use its recent sales at Jazz as a guide, there's reason to be optimistic: Sunosi sales rose 104% last year.
Source Fool.com
