Is the Trump Administration About to Cause AbbVie, Eli Lilly, and Johnson & Johnson Stocks to Crash?
Investors often view Pharmaceutical stocks as safe havens during periods of market turbulence. Stock market volatility or even economic downturns usually don't affect drugmakers' underlying businesses much, if at all. Physicians prescribe medications, and patients take them, regardless of the S&P 500's gyrations or how macroeconomic factors might shift.Indeed, shares of the three biggest pharmaceutical companies based on market cap -- AbbVie (NYSE: ABBV), Eli Lilly (NYSE: LLY), and Johnson & Johnson (NYSE: JNJ) -- have all delivered solid gains so far this year, while the major market indexes have fallen. However, President Donald Trump is giving AbbVie, Lilly, and J&J investors plenty to worry about. Is the Trump administration about to cause these big pharma stocks to crash?Image source: Getty Images.Continue reading
Investors often view Pharmaceutical stocks as safe havens during periods of market turbulence. Stock market volatility or even economic downturns usually don't affect drugmakers' underlying businesses much, if at all. Physicians prescribe medications, and patients take them, regardless of the S&P 500's gyrations or how macroeconomic factors might shift.
Indeed, shares of the three biggest pharmaceutical companies based on market cap -- AbbVie (NYSE: ABBV), Eli Lilly (NYSE: LLY), and Johnson & Johnson (NYSE: JNJ) -- have all delivered solid gains so far this year, while the major market indexes have fallen. However, President Donald Trump is giving AbbVie, Lilly, and J&J investors plenty to worry about. Is the Trump administration about to cause these big pharma stocks to crash?
Image source: Getty Images.
