Corona Virus Crisis
Addressing the elephant in the room, the market is in shambles. With high unemployment that is projected to skyrocket into 2Q 2020, there is some hope for pharmaceutical companies as their operations continue. Deemed essential, pharmaceutical companies like AbbVie (ABBV) will continue operations and will take a much lower hit to their operations. I project pharmaceutical companies that operate and generate revenue will be hit less than other sectors in our economy due to the virus.
(Source: Trading View)
AbbVie is currently trading at just under $65, a range