The 10 Best Stocks of 2013 Through Q1

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The 10 Best Stocks of 2013 Through Q1

#6: Mylan

MYLAN185 The 10 Best Stocks of 2013 Through Q1Q1 Return: +5%
Investor: 
Rick Pendergraft

Mylan (NASDAQ:MYL) was one of only two picks to not budge a spot from our last check-in, sitting nicely in sixth place with a quarter down.

As we said last time, the pharma company rode the uptrend of the broader markets as 2013 kicked off … but also rode its more recent downtrend. If a spring selloff comes, as many are expecting, things could get even uglier.

Still, investor Rick Pendergraft believes that the pharma company’s technicals and fundamentals — including a low forward P/E ratio and high institutional interest — make it a winner. Thanks to the stability in generic drugs and the pipeline for new products coming online in 2013, Pendergraft is convinced that the stock could climb to over $35 — a 30% gain.

Three months since he made that call, the stock has climbed 5%. Only 25% more to go.


Article printed from InvestorPlace Media, http://investorplace.com/2013/04/the-10-best-stocks-of-2013-through-q1/.

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