Unloved Gilead Due For Reversal On Flight-To-Safety Money Flows
GILDGilead(GILD) seekingalpha.com·2024-05-27 13:45
Olivier Le Moal I will say this pick is based more on a hunch (honed over 37 years of trading) than any concrete news catalyst or technical trading evidence. I bought a stake in Gilead Sciences (NASDAQ:GILD) recently on the view a bear market and recession will eventually force investors to move money into defensive ideas like pharmaceuticals. This group has an excellent history of witnessing massive flight-to-safety money flows during stressful periods overall on Wall Street. Specifically, Gilead has p ...