The 5 Highest-Yielding Nasdaq Stocks Could Rip Higher With a Spring Break Rally

Gilead has collaboration agreements with Arcus Biosciences, Pionyr, Tizona, Tango Therapeutics, Jounce Therapeutics, Galapagos, Janssen, Japan Tobacco, Gadeta, Bristol-Myers Squibb, Merck and Novo Nordisk.

Shareholders receive a 3.77% dividend. The $101 Mizuho price objective is the highest across Wall Street. The consensus target is $89.92, and Gilead Sciences stock closed at $79.85 on Thursday.

Amgen

This biotech giant remains a safer way to play the massive potential growth in biosimilars. Amgen Inc. (NASDAQ: AMGN) discovers, develops, manufactures and delivers human therapeutics worldwide. It focuses on inflammation, oncology/hematology, bone health, cardiovascular disease, nephrology and neuroscience.

The company’s products include the following:

  • Enbrel to treat plaque psoriasis, rheumatoid arthritis and psoriatic arthritis
  • Neulasta reduces the chance of infection due a low white blood cell count in patients with cancer
  • Prolia to treat postmenopausal women with osteoporosis
  • Xgeva for skeletal-related events prevention
  • Otezla for the treatment of adult patients with plaque psoriasis, psoriatic arthritis and oral ulcers associated with Behcet’s disease
  • Aranesp to treat a lower-than-normal number of red blood cells and anemia
  • Kyprolis to treat patients with relapsed or refractory multiple myeloma
  • Repatha, which reduces the risks of myocardial infarction, stroke and coronary revascularization

Investors receive a 3.65% dividend. Amgen stock has a $294 target price at Oppenheimer. The consensus target is $258.29, and Thursday’s close was at $234.57.

The highest-yielding stocks in the Nasdaq offer a contrarian angle for 2023, with two big biotechnology stocks, which have been under pressure in 2023; a top energy play, with oil trading at the lowest level since late 2021; a consumer defensive packaged food giant; and the world’s largest pharmacy chain, which for better or worse always has demand, especially with an aging population. These are five strong choices for growth and income investors looking for a way forward on what could be a rocky road.

Originally published at 24/7 Wall St.

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