Shesa's Investment Blog

Amarin presented final results of the EVAPORATE Trial at European Society of Cardiology Congress annual meeting on August 29, 2020. The VASCEPA® (Icosapent Ethyl) reported to significantly reduce Coronary Plaque by 17% . The plaque causes coronary arteries to narrow, limiting blood flow to the heart causing heart failure, death and so on. This is a new discovery for which the company was doing the trials for last 18 months. My blog reader may recall that, I had written the following in my February 2019 blog .  Amarin's drug "VASCEPA" had these wonderful results: Cardiovascular Death Reduced by 20% Fatal or Nonfatal Heart Attacks Reduced by 31% Fatal or Nonfatal Stroke Reduced by 28% Urgent or Emergent Coronary Revascularization Reduced by 35% Actually the science behind this drug has produced outstanding results. Based on this, I had added it as one of may favorite stock for 2020. However, so far it has been a disappointment due to AMRN's court battle with generics. T...

TG Therapeutics (TGTX):  After earnings was released on Monday 8th August, the stock went down bringing a great opportunity for accumulation. Subsequently, the stock has bounced back more than 20%. Particularly, for small biotech growth stocks one should not look for earnings rather one should focus on long term prospect such as drug pipelines and its potential.  The MZL (Marginal Zone Lymphoma) has been accepted by FDA for priority review and has given goal date of February 15 , 2021 for possible approval. Another cancer drug Follicular Lymphoma ( FL ) has also been accepted for standard review by FDA with a goal date of June 15 , 2021. The FDA also notified TGTX that it's currently not planning to hold an advisory committee meeting to discuss this application which is a good sign. The FDA approvals, particularly MZL could possibly come sooner than Feb 15. If these two drugs gets approved by FDA then current stock price could be history. In addition, there are more dr...

 THANKS to all those who joined for the Investment Meet on 8|8|20.

AUGUST 2020 - INVESTMENT BLOG By Shesa Nayak   U.S. Stock Market Update         It has been an eventful year the world has ever seen! We saw major collapses in the world economy, stock market,  fastest bear market in 19 days, also we saw the fastest recoveries in the stock market. It’s hard to imagine but that’s the fact! The Q2 earnings are in full swing, 63% of S&P 500 companies have reported earning so far. Major technology companies Apple, Amazon, Microsoft, Google and Facebook have all reported their earnings. The first four tech giant (AAPL, AMZN, MSFT, GOOG) commands an incredible market capitalization of $5.98 Trillion , a whopping 28% of the U.S GDP !! So, these elephants in the room are pulling the stock indexes despite a horrible state of the economy attributed by Coronavirus pandemic. There are still more than 30 million Americans looking for job and currently unemployment rate is 11.1% . But the stock market does not seem to be concern...