After the fall – our take on Genmab
Head of Equity Strategy
Europe’s largest biotechnology company Genmab is down 20% today after opening 25% lower as one of its key studies on cancer treatments is stopped. This is obviously a big blow to their efforts in the combo trials (mixing drugs for cancer treatments) and investors were hoping for a blockbuster potential in this study.
The stock has a neutral rating in our proprietary Equity Radar model with value being the worst contributor (expensive stock). We have just rerun the model and today’s decline is pushing up the value, yield and reversal factors, so our model is now signalling a positive stance on the stock.
Genmab share price. Chart source: Bloomberg
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.