As concerns about Gilead Sciences (GILD) mount, Maxim’s Jason Kolbert are bullish on the biotech giant’s HIV franchise but not enough to change his Hold rating on the stock:
We recently spoke with GILD management about the launch of Genvoya and other HIV products. Our model now factors in our forecast for patient switch trends from other Gilead products in the HIV marketplace. For example, we have been seeing the cannibalization of Stribild by Genvoya since its launch in both the U.S. and EU in November 2015. Approximately 50% of patients currently on Genvoya were previously on Stribild…
We also expect patients to switch from Atripla to Genvoya, given Atripla is no longer recommended as a first-line HIV treatment by the U.S. Department of Health & Human Services, or DHHS (it was downgraded in April 2015). Atripla had revenues of $3.1B in 2015.
Hot Biotech Companies To Watch In Right Now: Coach, Inc.(COH)
Coach, Inc. provides luxury accessories and lifestyle collections in the United States. The company offers handbags, rings, charms, small leather goods, and novelty accessories for women; and business cases, computer bags, messenger-style bags, totes, wallets, card cases, belts, and time management and electronic accessories for men. It also provides footwear products; seasonal lifestyle apparel collections, including outerwear, ready-to-wear, and cold weather accessories, such as gloves, scarves, and hats; jewelries comprising bracelets, necklaces, rings, and earrings made with sterling silver, leather, and non-precious metals; sunglasses; watches; and fragrances consisting of eau de perfume sprays, eau de toilette sprays, purse sprays, and body lotions. In addition, the company offers weekend and travel accessories, travel bags, and other lifestyle products. Further, it holds licensing rights to market and distribute footwea r, eyewear, watches, and fragrances under the Coach brand name. The company markets its products to consumers through a network of company-operated stores comprising Internet in North America; and Coach-operated stores and concession shop-in-shops in Japan, Mainland China, Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Belgium, and the Netherlands. It also sells its products to wholesale customers and distributors in approximately 45 countries. As of June 27, 2015, the company operated 258 Coach retail and 204 Coach outlet leased stores located in North America; 503 Coach-operated concession shop-in-shops within department, retail, and outlet stores internationally; and 54 Stuart Weitzman stores. Coach, Inc. was founded in 1941 and is based in New York, New York.
- [By Ben Levisohn]
Shares of Michael Kors Holdings have soared 24% to $49.99 at 3:23 p.m. today, while Kate Spade (KATE) has risen 1.9% to $18.19, and Coach (COH) has dropped 0.5% to $37.02.
Hot Biotech Companies To Watch In Right Now: Zynga Inc.(ZNGA)
Zynga Inc., incorporate on October 26, 2007, is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) and Android and social networking sites, such as Facebook. The Company operates through developing and monetizing social games segment. The Company has developed various social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises. The Company also launched various games on mobile and Web, including Words on Tour and FarmVille: Harvest Swap in the Casual category; Black Diamond Casino and Princess Bride Slots in the Social Casino category; Empires & Allies in the Action Strategy category, and Mountain Goat Mountain.
The Company designs its social games to provide players with shared experiences that surprise and delight them. Its games are free to play, span a number of categories and attract a communi ty of players that is demographically and geographically diverse. The Company operates its games as live services and update them with content and features to make them social, develop player engagement and monetization. The Company analyzes the data generated by its players’ game play and social interactions to guide the creation of content and features. The Company operates its games as live services that are available anytime and anywhere. It designs its social games to provide players with access to shared experiences.
The Company invests in various game categories, including Social Casino, which includes Zynga Poker and its Slots games, such as Hit it Rich! Slots, Wizard of Oz Slots, Princess Bride Slots and Black Diamond Casino; Casual, which includes Words With Friends , which launched a localized version in over six languages, including Spanish, French, German and Italian. Games in this category provide chances for competition and allow its players to co nnect with friends and family when they start a game; Action! Strategy, which includes Empires & Allies. Games in this category emphasize on thinking and planning to achieve victory against other players. There is also a social focus as players can connect with friends to achieve a common goal, such as the Alliances feature in Empires & Allies, and Invest Express, which includes games, such as FarmVille, FarmVille 2 and FarmVille 2: Country Escape that allows its players to express their personalities by customizing the appearances of their farms.
The Company competes with DeNA Co. Ltd., Electronic Arts Inc., Gameloft SA, GREE International, Inc., Glu Mobile Inc., King.com Inc., Rovio Mobile Ltd., Supercell Inc., GungHo Online Entertainment, Inc., Kabam, The Walt Disney Company, Activision Blizzard, Inc., Riot Games, Valve, Take-Two Interactive, SEGA of America, Inc. and Tencent Holdings Limited.
- [By Maureen Farrell]
Before Facebook’s IPO, Morgan Stanley’s Silicon Valley-based technology investment banking team had won most of the highest profile social media IPOs, including Zynga (ZNGA), Groupon (GRPN), and LinkedIn (LNKD).
Top Valued Stocks To Invest In 2017: Buffalo Wild Wings Inc.(BWLD)
Buffalo Wild Wings, Inc. engages in the ownership, operation, and franchise of restaurants in the United States. The company provides quick casual and casual dining services, as well as serves bottled beers, wines, and liquor. As of July 26, 2011, it had 773 Buffalo Wild Wings locations in 45 states in the United States, as well as in Canada. The company was founded in 1982 and is headquartered in Minneapolis, Minnesota.
- [By Lisa Levin]
Shares of Buffalo Wild Wings (NASDAQ: BWLD) were down 12 percent to $127.89 as the company reported weaker-than-expected results for its first quarter on Tuesday.