Daily Stock Pick: August 1st, 2022

Stocks edged lower this morning to kick off the first trading session of August after capping off a month of solid gains. The Dow rose 6.7% in July, the S&P 500 added 9.1%, and the Nasdaq Composite, while still in bear market territory, is up roughly 12.4%.  

“We are seeing a relief rally in the stock market, as pessimism reached extreme levels and as longer-term interest rates have been coming back down. We believe the rally will last until later in the summer, but as stock prices rebound and it becomes increasingly clear that we are headed for a more typical recession (e.g., one with higher unemployment and nominal GDP dropping close to zero or negative), markets will again have another selloff,” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance.

Regardless of what’s happening elsewhere in the market, biopharma is a great place to look for stocks to pack into your portfolio because there’s always an illness that can be treated more effectively in the future than it is being treated today. 

Our Stock pick features an established drug maker with an excellent approval history. Their treatments have been widely trusted for years, and currently, they have multiple promising projects in the pipeline. 



Vertex Pharmaceuticals (VRTX) is the undisputed leader when it comes to cystic fibrosis therapies. The company’s portfolio of approved CF drugs will deliver at least an estimated $8.4 billion this year, made possible by intense market penetration and decades-long devotion to research and development in the space. 

So far, the company has been highly accountable, proving to regulators that its products are effective and safe for a more comprehensive population of patients. It has also remained enormously profitable and continued to expand revenue within the CF market at a steady pace.

Suppose management’s plans for expanded approvals for younger age cohorts continue to come to fruition over the next few years. In that case, Vertex will eventually be treating as many as 90% of all people with CF. That means investors can look forward to a steadily increasing flow of new revenue and expanded approvals, which should significantly support the stock’s price.   

Furthermore, the company is moving its pipeline beyond CF with a handful of mid-stage clinical programs for pain relief, kidney disease, and genetic hematologic disorders like sickle cell disease. In other words, even if it eventually completely corners the entire market for CF therapies, there will still be other growth opportunities.  

Of 26 analysts offering recommendations for VRTX, 18 give the stock a Buy rating, and 9 rate it a Hold. There are no Sell ratings. It seems likely that Vertex will reward patient investors as the steadily growing biopharma company seems ripe for expansion for years to come.  

Where to invest $1,000 right now...

Before you consider buying Vertex, you'll want to see this.

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And it's not Vertex.

Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.

Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.

Find that to be extraordinary?

Click here to watch his presentation, and decide for yourself...

But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.

Click here to find out the name and ticker of Keith's #1 pick...


The #1 stock for 2023

The #1 Stock for 2023

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Legacy Research:

A Return to Normal? PhD Economist: “Don’t Bet on It”

According to former Goldman Sachs executive, Nomi Prins…

Americans who are hoping for a ‘return to normal’ are going to be shocked when they see what happens next in America.

She says, “If you’re betting your job, savings, or retirement accounts on a return to ‘normal’ you’re about to be left behind by a brand-new crisis few see coming.”

Go here now to see America’s next crisis