After over a year of underperformance, two drug manufacturers are the stocks to watch today. They rallied on Tuesday after TrumpRx sought more drug pricing discounts.
Merck (MRK) gained 6.81% yesterday. Investors are betting that the firm will form a lower-priced drug deal with the government. Pfizer (PFE) agreed to offer its brand-name drugs. Prices are consistent with Trump’s most-favored-nation (“MFN”) pricing policy. Pfizer will also invest $70 billion in domestic manufacturing and R&D activities.
Danaher (DHR) added 6.56% on Tuesday, despite posting no news. The stock is rallying back to the $200 support price that formed in April.
Three stocks that fell on Tuesday and that might rebound today include Albemarle (ALB). Shares lost 6.68%, as bears with a 13.16% short interest gained ground. China commands lithium prices. In early September, China’s Contemporary Amperex Technology reportedly resumed production at its lithium mine.
MercadoLibre (MELI) fell by 6.57% to close near the bottom of its trading range formed in May. Investors should also watch Amazon (AMZN) and Sea (SE), both of which are attractive e-commerce firms.
MGM Resources (MGM) lost 5.12% to close below $35. Kalshi, a betting site, reported strong trading volume. That would compete with MGM, Flutter (FLUT), Rush Street Interactive (RSI), and Genius Sports (GENI). ETF investors should also watch for selling pressure on the Roundhill Sports Betting & iGaming ETF (BETZ).
