US58933Y1055 - Common Stock
In a market where value is scarce, MERCK & CO. INC. (NYSE:MRK) offers a refreshing opportunity with its solid fundamentals.
Johnson & Johnson and Merck & Co. are cutting jobs in China, as they face growing competition from domestic rivals resulting from Beijing’s campaign to drive down medical costs.
Merck is spending up to $3.3 billion in a licensing deal for an anti-PD-1/VEGF drug from China.
Stocks in these "safe" sectors are selling off as investors gravitate toward growth.
Merck & Co. licensed an experimental cancer antibody from a closely held Chinese company in a deal worth $588 million upfront, plus as much as $2.7 billion in milestone payments.
If you're patient, these businesses have a lot of promising projects in the works.
These stocks have seen better days but investors shouldn't count them out in the long run.
These stocks near 52-week lows could be ready to rebound.
Why MERCK & CO. INC. (NYSE:MRK) qualifies as a good dividend investing stock.