2 Best COVID-19 Growth Stocks to Own in 2022
The endemic phase of the outbreak should be a boon for these two biotech stocks.
Key Points
•COVID-19 is widely expected to enter the endemic phase in 2022.
•While COVID-19 product sales will probably start to decline during this next phase, these two biotech stocks should continue to post stellar top line growth.
…. Novavax: Buy the dip
Despite a string of positive regulatory outcomes in ex-U.S. territories and the potential emergency use authorization of its COVID-19 vaccine in the U.S. before the end of the first quarter of 2022, Novavax's shares have dropped by 42% since Dec. 1. Investors appear to concerned that Novavax's novel coronavirus vaccine will enter the U.S. market too late to compete effectively against the mRNA juggernauts from Pfizer and Moderna.
That worst-case scenario may or may not be true. The fact is that there is still a large contingent of Americans who would prefer a more traditional protein-based vaccine like the one from Novavax, compared with a novel mRNA vaccine. Regardless of how the U.S. COVID-19 vaccine market plays out, though, Novavax ought to have a significant commercial opportunity for its vaccine abroad in the years ahead, especially in emerging markets.
The big picture is that Novavax's shares are in bargain territory after this sharp downturn over the prior six weeks. The biotech's stock is now trading at less than 3 times Wall Street's most pessimistic 2022 sales forecast. What's more, the company could have another blockbuster product on the market at some point in the near future with its flu vaccine NanoFlu. And if Novavax's shares fail to rebound soon, this novel vaccine maker might simply get bought out by one of the many big pharmas that missed the boat on the COVID-19 vaccine opportunity….
www.fool.com/investing/2022/01/17/...BHShLfmTJPRXNWU7pRclykFs