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Pharmaceutical stocks are excellent holdings in times of a downturn.
Health care is the largest component of the American economy, about one-sixth the gross domestic product. For income, value, and growth investors, respectively, there are GlaxoSmithKline (NYSE: GSK), Pfizer (NYSE: PFE), and CytoDyn (OTC: CYDY).
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Investors seek the safety of the dividend component. Big Pharma is especially good at providing a steady stream of dividend income, not matter what the market conditions.
See also: 3 Small Caps With Revenues Rising In the Double Digits
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GlaxoSmithKline excels at this with a dividend yield of 5.73 percent at a time when the average for a member of the Standard & Poor's 500 Index (NYSE: SPY) is under 2 percent. For long term investors, there is a history of dividend growth, too.
Value
Value investors from the Warren Buffett school should be pleased by the return-on-equity of Pfizer.Buffett has stated that he looks for companies with a return-on-equity of over 20 percent. The return-on-equity for Pfizer is 52.60 percent. Bolstering the total return for Pfizer is a dividend yield of 3.48 percent.While both are excellent companies, growth investors will have to look elsewhere other than Pfizer, GlaxoSmithKline, and other Big Pharma stocks.Growth
CytoDyn and other small caps is where growth should come. With promising products in the drug pipeline, companies like CytoDyn have the most upside for investors looking for growth in the drug sector.CytoDyn is developing the PRO 140, a self-administered injection product that could give HIV patients a much-needed "drug holiday", which could do wonders for their body, mind, and spirit.
Even if a correction does not ensue, Pfizer, CytoDyn, and GlaxoSmithKline all have much to offer value, growth, and income investors.Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.