Go to the list of all blogs
Niko Sharks's Avatar
published in Blogs
Jul 30, 2024

Pharmaceuticals Generic Industry Stocks($TEVA, $RDY, $TARO...): A Closer Look at the 10.89% Average Gain

The pharmaceuticals generic industry is a significant player in the global drug market. Generic drugs, which contain the same chemical substance as their patented counterparts, are sold at more affordable prices once the patents for the original drugs expire. This affordability has led to the vast popularity of generic drugs. As per the Center for Justice and Democracy at New York Law School, a staggering 80% of all prescribed drugs are generic, and they are the preferred choice 94% of the time when available. Companies in this sector, such as Zoetis, Inc., Allergan plc, and Mylan N.V., must demonstrate to the FDA that their products are effective substitutes for the original drugs.

Tickers in Industry - $TEVA, $RDY, $TARO, $ZTS, $ABEO

Swing Trader for Beginners: Trading in Markets Trending Down (TA&FA)

Notable Companies

Two of the standout companies in this industry are:

  • ZOETIS (NYSE:ZTS)
  • Teva Pharmaceutical Industries Limited (NYSE:TEVA)

Market Capitalization

The pharmaceuticals generic industry has a diverse range of companies in terms of market capitalization. On average, the market cap across the theme is $12.3B. ZOETIS (ZTS) leads the pack with a valuation of $86.1B, while the smallest player, ACUR, is valued at just 39.6K.

Price Movements: Highs and Lows

The industry has seen varied price movements over different periods:

  • Weekly average growth: 3.5%
  • Monthly average growth: 5.97%
  • Quarterly average growth: 18.19%

Some notable price movements include:

  • Abeona Therapeutics (ABEO, $3.56) surged by 18.67% in a week, making it a top gainer among penny stocks.
  • ZOETIS (ZTS, $182) faced a decline of 5.21% in a week.
  • ZOETIS (ZTS, $183.51) also had a positive week, with its price jumping by 6.81%.

Volume Analysis

Trading volumes provide insights into the liquidity and investor interest in stocks. For the pharmaceuticals generic theme:

  • Weekly average volume decline: -31.87%
  • Monthly average volume growth: 4.08%
  • Quarterly average volume growth: 22.36%

A notable volume trend was observed for Dr. Reddy's Laboratories, which saw its stock volume increase consecutively for five days, with daily gains ranging from 92% to 94%.

Fundamental Analysis Ratings

Investors often rely on fundamental analysis ratings to gauge the health and potential of companies. For the pharmaceuticals generic industry, the ratings range from 1 (best) to 100 (worst). The specific average ratings for companies within this theme are not provided in the text.

In conclusion, the pharmaceuticals generic industry has shown resilience and growth, with an average gain of 10.89% in the past month. With major players like ZOETIS and Teva leading the way, the industry continues to be a significant contributor to the global pharmaceutical market.

TEVA - On August 28, 2023, TEVA's Momentum Indicator crossed the pivotal 0 mark, hinting at a possible upward trajectory for the stock. Investors might contemplate acquiring the stock or considering call options. Historical data from Tickeron's A.I.dvisor, analyzing 78 analogous events, reveals that the stock ascended in 58 instances post such a shift. This places the likelihood of an upward move at an impressive 74%.

 RDY - On August 24, 2023, RDY's 10-day RSI Oscillator transitioned from the overbought region, suggesting a potential shift from an upward to a downward trend. Investors might consider offloading the stock or exploring put options. Historical analysis by Tickeron's A.I.dvisor, examining 36 similar transitions, showed that in 21 instances, the stock declined in subsequent days. This data indicates a 58% probability of a downward movement.

TARO - On August 25, 2023, TARO's 10-day Moving Average made a bullish crossover above its 50-day counterpart. This suggests a potential upward momentum and may serve as a buying cue for investors. Historical data reveals that in 8 out of 14 previous occurrences of such a crossover, TARO's stock sustained its rise over the subsequent month. This presents a 57% likelihood of the stock maintaining its upward trajectory.

Ad is loading...
In July, Apple (NASDAQ: AAPL) made history as the first company to close regular-session trading with a market capitalization exceeding $3.5 trillion. Despite early session declines, Apple stock reached an all-time high of $229.40 and closed at $228.68.
Swing trading involves holding positions for several days to weeks to capture gains from market movements that unfold over a medium-term horizon. This strategy relies on technical analysis to identify potential entry and exit points, often supplemented by fundamental analysis to strengthen trade decisions.
The cleaning sector has exhibited a notable performance increase, experiencing a +4.71% rise over the past week. This performance surge reflects positive market sentiment and possibly increasing demand within the sector.
The immuno-oncology sector, comprising companies that develop advanced technologies for cancer treatment, has shown promising performance recently. This sector's innovation and critical role in advancing cancer treatments have led to a significant market response, reflected in a notable +8.04% increase in performance over the past week. Below is an analysis of the key players in this group—Corvus Pharmaceuticals (CRVS), AnaptysBio (ANAB), and iTeos Therapeutics (ITOS)—focusing on market capitalization, price movements, volume changes, and technical indicators.
U.S. stocks took a hit as tech shares dropped and the yen strengthened, leading to a 1,033-point drop in the Dow. With growing concerns over the Fed's rate policy, analysts now predict multiple rate cuts to address rising economic risks.
The technology sector remains a dynamic space for investors, with certain themes like portable devices showing substantial growth potential. Over the past week, the portable devices theme has seen an impressive performance with a +14.86% increase, highlighting the strength and resilience of companies operating within this sector. In this article, we will explore key metrics such as market capitalization, price trends, and volume growth, while also taking a closer look at the individual performances of companies within this theme, particularly focusing on Apple Inc. (AAPL), CEVA Inc. (CEVA), and Generac Holdings Inc. (GNRC).
The performance of companies in the fish-selling category has attracted significant attention recently, primarily due to the group's impressive +19.69% increase in performance over the past week. The 'fish' category, which includes companies that sell or produce fish, often overlaps with firms involved in poultry, frozen meat, and dairy products. Notable companies in this sector include Lifeway Foods, Inc. (LWAY), Sanderson Farms, Inc., and Hormel Foods Corp. (HRL). In this article, we will explore the market dynamics, price movements, and volume changes affecting this sector, with a focus on the group of tickers HRL, LWAY, BRFS, and PPC.
Two standout models are at the core of Tickeron's new bots (robots). Identifying and acting on price drops ("search for dips") and leveraging significant volatility spikes.
Tickeron has introduced advanced AI trading bots designed for day traders, utilizing Financial Learning Models (FLMs) and technical analysis to optimize strategies in high-volatility markets. These bots are engineered to capitalize on price surges and provide precise, short-term trading opportunities.
The railroads sector has recently demonstrated impressive performance, with a notable +19.69% increase in performance over the past week. This surge underlines the sector's critical role in freight and passenger transportation across North America, providing essential infrastructure for both national and international trade logistics. This article delves into the sector's key players, their market performance, and recent trends that are shaping the future of rail transport.
The uranium sector has been gaining notable attention recently, with a sharp uptick in performance. As of last week, uranium companies have seen a significant increase in performance by +10.69%. This surge brings renewed focus to uranium, a critical element used in nuclear power generation. With nuclear energy gaining traction as a cleaner alternative, companies engaged in uranium acquisition, exploration, and development are well-positioned to capitalize on this demand.
Amazon (AMZN) saw a $54B market cap increase this week, driven by a 2.74% stock price surge. Despite the short-term volatility indicated by breaking its upper Bollinger Band, the company's strong positioning in AI and cloud computing continues to attract investor interest.
The financial markets saw a mix of gains and declining volatility between September 23-27, with key indexes like SPY, QQQ, and DIA posting positive returns. Despite rising stocks, volatility measures dropped, reflecting reduced market uncertainty. This article explores market trends and highlights AI-driven trading robots designed to capitalize on opportunities while managing risk.
Tickeron's AI-powered Trend Trading bots are revolutionizing stock investing by integrating Financial Learning Models (FLMs) to help hedge fund managers and traders uncover undervalued stocks. These bots provide actionable signals, apply advanced risk management strategies, and support disciplined growth, empowering investors to navigate complex financial markets with ease.
The aluminum construction companies have experienced a significant boost, with the segment seeing a +11.13% increase in performance over the past week. This growth is largely driven by the rising demand for lightweight materials, particularly in the automotive sector, where aluminum is being widely adopted to improve fuel efficiency. The aluminum industry plays a vital role in the U.S. economy, generating approximately $71 billion annually in direct economic impact, according to The Aluminum Association.
Unlock the potential of AI-powered swing trading with robots designed to track dips in top S&P 500 stocks. Whether you're a beginner or experienced trader, these tools help manage up to $20k per position, balancing risk and reward with advanced algorithms and market insights. Discover how to maximize returns in volatile markets!
Discover Tickeron's new AI-driven trading bots designed for high-volatility markets and impulse price action. Leveraging Financial Learning Models (FLMs) and technical analysis, these bots optimize trades, offer a 70% win rate, and execute strategies for day traders focused on fast market moves.
The Diesel Companies segment has displayed a notable increase of +9.44% in performance over the past week. This uptick highlights a positive trend in the sector, encompassing companies involved in the manufacturing of diesel vehicles and the distribution of transportation fuels.
Tickeron launches AI-powered Stock Picker robots to assist hedge fund managers with sector rotation, growth-focused small-cap stocks, and strategic risk management. Using proprietary FLMs, Stock Pickers offer quant-driven signals and adaptive strategies for long-term growth and investment
Tickeron unveils an intuitive AI trading bot interface, offering tailored strategies for day, swing, and trend traders. From beginners to pros, discover tools designed to optimize trading precision, adapt to market volatility, and provide hedge fund-level insights for smarter investments.