Based on my understanding, pharma stocks may go up.
It is a very normal thing for the stock market to have movements. This is because each company's stock may have fluctuated during different time periods. What's more, many people who speculate in the stock market earn their income through fluctuations in stock prices.
But recently, because of the impact of the epidemic, the prices of some stocks began to fall. Especially some stocks that are not related to pharmaceuticals, they fell more. And the stocks of many companies have depreciated very much. This makes many speculative stockholders, feel the risk of the stock market. As the saying goes, speculation in the stock market is risky, and you need to be careful when entering the market. In fact, this is the truth.
But then again, because of the impact of the epidemic, pharmaceutical stocks have no change? In fact, I think this change is very big, the impact on the pharmaceutical stocks is also very big. Many shareholders may have felt the warmth from pharmaceutical stocks.
Based on my years of experience in stock trading, I think because of the impact of the recent epidemic, pharmaceutical stocks may rise.
Epidemic affects the trend of pharmaceutical stocksWhile the current epidemic has basically stabilized, however, the demand for pharmaceuticals in the community is still very high. As the saying goes good people eat grains and cereals, who can not have a disease it, there is a headache and fever is actually very normal. What should we do when we get sick? When you are sick, you have to buy some medicines to relieve your condition.
So the demand for drugs in this period of time is actually very large. Driven by the huge market demand, the operating profits of many pharmaceutical companies are rising. Because their increased profits drove up the market value of the stocks of pharmaceutical companies.
I think it's a chain reaction that affects each other, because pharmaceutical companies have grown and their profits have strengthened, so many shareholders are willing to put their money into pharmaceutical stocks. The more money shareholders put in, the more pharmaceutical stocks will rise, which is why I predict that pharmaceutical stocks may continue to rise in the future.
Society's demand for medicines remains highBecause we need to use a lot of medicines as our society develops. Everyone may have a cold or fever, and once a cold or fever occurs we need to have the appropriate medication to treat it. So the market demand is very large, driven by strong market demand. The price of the stock will also continue to rise.
And now a lot of stock industry is not too prosperous. There are many companies whose stock value is gradually declining. That's why many stockholders are pulling out of non-pharmaceutical stocks. After they sell their stocks, they have some money left in their hands, and this part of the money I think they are likely to invest in pharmaceutical stocks.
Because as things stand now, pharma stocks are very stable and have a slow upward trend, so more shareholders are willing to opt for a stable investment.
In summary, pharmaceutical stocks are likely to rise in the future.
The above is my little personal opinion, I hope my answer can help you.