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10 Best S&P Stocks of 2013

These 10 stocks crushed the competition amid a strong overall year for the broader markets

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 #5: Celgene (CELG)

  • stocks-CELG-stockYTD Return: 115%
  • Sector: Healthcare
  • Market Cap: $69.4 billion

Celgene (CELG) is a specialized biotech company that focuses on treatments for small patient pools suffering from cancers and blood disorders. While there may not be a whole lot of candidates for Celgene’s drugs, the reality is that there aren’t a lot of alternatives out there and the treatments are very costly — and thus, high-margin products.

Revenue is set to grow 16% this year, and earnigns are expanding even faster with 60% growth expected by the end of fiscal 2013. And looking ahead to the New Year, Celgene announced a partnership with OncoMed (OMED) to work on new cancer drugs and stem cell therapies that could generate even more growth. With a plush product pipeline, tremendous earnings momentum and a pretty fair forward price-to-earnings of about 24, there is a good chance that we are only seeing the beginning of what Celgene has to offer.

Article printed from InvestorPlace Media,

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