Chart of the Day: Amgen Hits All-Time High
Amgen (NASDAQ:AMGN) broke out to an all-time high today which is quite a feat for a $70 billion market cap biotechnology company that has had numerous strong rallies over the past 20 years. Amgen is one of the few stocks in this market that I view as a good long-term hold. It is a stock that has an attractive valuation and secular tailwinds at its back. It has a 2% dividend yield is projected to grow earnings 12% and is priced at a trailing p/e of 15x which is quite cheap in the context of its earnings growth rate. ...
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