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Goldman Says "Good Opportunity To Buy Dip" In Obesity Drug Stocks
['Tyler Durden']
Zero Hedge
Goldman analyst Faris Mourad is telling clients this week that "obesity drugs narrative sentiment is on the rise" and "it's an opportunity to buy the dip."
Mourad explained:The relative performance of the Obesity Drugs basket (GSHLCBMI) to the S&P 500 (SPX) is lagging its narrative sentiment.
The basket is down -2 standard deviations today and we think it's a good opportunity to buy the dip.
We notice equity investors are also focused on the industries that could face challenges as obesity drugs become more popular.
That being said: street consensus estimates show no changes to 2026 and 2027 revenues driven by Oral obesity drugs and the group traded below earnings expectations for the majority of the last year.