2 Coronavirus Stocks to Avoid This Month
Inovio Pharmaceuticals (NASDAQ: INO) and Gilead Sciences (NASDAQ: GILD) are major competitors in the growing market for coronavirus products, making both tantalizing stock picks. Inovio's stock has soared this year thanks to its INO-4800 coronavirus vaccine project, which has so far proven effective at producing immunity in primates. In contrast, Gilead's stock has consistently struggled despite the commercialization of its antiviral drug, remdesivir, which may be effective at helping patients recover from COVID-19.
October is a particularly dangerous time for both of these stocks, and investors should probably steer clear. But within a month, there will be new developments within each company that could change their long-term outlooks. If you're thinking about scooping up shares of either of these companies this fall, you'll need to see how this month's hazards affect their prospects in the markets for coronavirus treatments and vaccines.
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Source Fool.com
