5-Star Blue Chips Poised to Pop: Abbott Labs
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, health care giant Abbott Laboratories (NYS: ABT) has earned a coveted five-star ranking.
With that in mind, let's take a closer look at Abbott and see what CAPS investors are saying about the stock right now.
Abbott Park, Ill. (1888)
Chairman/CEO Miles White (since 1999)
Return on Equity (average, past 3 years)
$11.5 billion / $16.3 billion
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 96% of the 2,643 members who have rated Abbott believe the stock will outperform the S&P 500 going forward.
Catalyst #1: [Abbott] presenting at the American Association for the Study of Liver Diseases ... look for positive reports on its Hep C program. Catalyst #2: Splitting into two companies sometime after the first of the year; one pharma and one medical technology. Stock is down over 9% from the highs and with these catalysts, I'm in this on a trade with a target of $71 per share.
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The article 5-Star Blue Chips Poised to Pop: Abbott Labs originally appeared on Fool.com.Fool contributor Brian Pacampara has no positions in the stocks mentioned above. The Motley Fool owns shares of Johnson & Johnson. Motley Fool newsletter services recommend Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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