Investorideas.com

Call 800 665 0411 to learn about our services

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS



Share on StockTwits

Chen Reveals His Picks for Last Quarter

Source: Streetwise Reports

 

October 12, 2022 (Investorideas.com Newswire) Asset manager Chen Lin's picks for the home stretch of 2022 include several biotechs and some precious metals companies.


Asset manager Chen Lin's picks for 2022's last quarter include a whole stable of biotechs with some precious metals thrown in.

He cashed out of one position and doubled down on some others.

According to Zacks research, the biomedical and genetics industry has underperformed the S&P 500 Index and the medical sector so far in 2022, having declined 28.9% compared to 25% for both the medical sector and S&P.

But there is hope on the horizon. The sector carries a current Zacks industry rank of 77, which puts it in the top 31% of more than 251 industries Zacks tracks.

Biotech "bottomed around mid-year," Chen said. "Now it is starting to rebound. I had a good year in biotech. I see continuing rebounds of my biotechs in the coming years."

Tricida Inc.

Tricida, Inc. (TCDA:NASDAQ) is developing Veverimer, which is designed to treat metabolic acidosis in patients with chronic kidney disease. It's a return from Q3 on Chen's list.

The U.S. Food and Drug Administration (FDA) did not approve the drug in 2020, but the company is awaiting the outcome of a new trial which will be "the most important data readout in its history," Chen said.

"The chance of positive data (in the trial) is extremely high, in my opinion," Chen said. "With the positive data, TCDA can file for approval next year. The stock has at least a 10-fold upside after approval."

Top shareholders in the company include OrbiMed Advisors LLC at 18.47%, VR Adivser LLC at 17.14%, Sibling Capital Ventures LLC at 11.54%, and Steven A. Cohen at 5.9%, according to Reuters.

Tricida's market cap is US$659.68 million, with 55.7 million shares outstanding, 51 million of them free-floating. It trades in a 52-week range of US$13.85 and US$4.10.

Amyris Inc.

Another returning pick for Chen is Amyris, Inc. (AMRS:NASDAQ), a synthetic biotech company that "programs" cells to create sustainable ingredients.

The company has begun production at its new precision sugar fermentation plant in Brazil.

The plant consists of five precision fermentation "mini-factories" that can produce 13 of Amyris' molecules, which are used in everything from health and beauty products to flavors and fragrances.

Amyris is a frontrunner for US$1 billion the U.S. Department of Defense will be investing in the bioindustrial domestic manufacturing infrastructure over the next five years.

It's part of the US$2 billion the U.S. government plans to spend to boost biomanufacturing under an executive order announced last month.

"The decision could come in the next couple of months," Chen said. "In addition, AMRS' own lines of business are on fire . . . 2023 should be the year they turn cash positive."

Amyris' top shareholders include Foris Ventures LLC at 22.86%, Farallon Capital Management LLC at 6.56%, The Vanguard Group Inc. at 5.9%, Koninklijke DSM NV at 5.16%, and BlackRock Institutional Trust Co. N.A. who holds 3.68%.

Its market cap is US$846.26 million, and it has 323.4 million shares outstanding, 227.6 million of them free-floating. It trades in a 52-week range of US$15.12 and US$1.47.

Synaptogenix Inc.

A new pick for Chen is Synaptogenix Inc. (SNPX:NASDAQ), a biopharmaceutical company developing Bryostatin-1 for Alzheimer's disease.

The company is just about to report data from its Phase 2 trials, which were partially funded by the National Institutes of Health.

"This trial, if successful, would open up a brand new approach to reverse Alzheimer's," Chen said.

The stock is a "very high-risk play," he said, but he owns "a small position here as a lottery ticket."

Top shareholders include Intracoastal Capital LLC at 7.17%, Alpha Capital Aktiengesellschaft at 4.41%, George Weaver Haywood at 3.44%, The Vanguard Group at 3.17%, and Ikarian Capital LLC at 1.77%.

The company's market cap is US$48.23 million, with 6.84 million shares outstanding, 5.76 million of them free-floating. It trades in a 52-week range of US$14.50 and US$3.79.

GoGold Resources Inc.

GoGold Resources Inc. (GGD:TSX) is a Nova Scotia-based silver and gold producer operating in Mexico. It operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco.

Chen said he took advantage of a big dip in its price recently to load up on his position.

"GGD has . . . cash, a silver-producing mine, and a new discovery," he said. "It looks very undervalued."

Ownership includes Bradley H. Langille with 5.22%, Van Eck Associates Corp. with 4.41%, Franklin Advisers Inc. with 4.35%, Sprott Asset Management LP with 3.1%, and Mirae Asset Global Investments (USA) LLC with 2.7%.

It has a market cap of CA$461.3 million, with 295.6 million shares outstanding, 275.2 million of them free-floating. It trades in a 52-week range of CA$3.79 and CA$1.37.

He said he also likes other silver producers such as Guanajuato Silver Co. (OTCMKTS:GSVRF; TSX.V:GSVR) and Silver X Mining Corp. (AGX:TSX.V).

Chen Lin strongly recommends that investors load up on silver and silver miners for the coming tax loss selling season.

Axsome Therapeutics Inc.

Last quarter, Chen doubled down his top pick from Q2, Axsome Therapeutics Inc. (AXSM:NASDAQ), a biopharmaceutical company that focuses on therapies for central nervous system conditions.

The company had been waiting on decisions from the FDA on drug candidates for major depressive disorder and migraine.

The FDA has approved the major depressive disorder drug, Auvelity, and Chen said he sold out his position when it was at about US$70.

Axsome's top shareholders include Antecip Capital LLC at 18.22%, The Vanguard Group Inc. at 6.95%, BlackRock Institutional Trust Co. N.A. at 4.99%, RTW Investments LP at 4.02%, and PFM Health Sciences LP at 3.38%.

It has a market cap of US$1.95 billion with 40.3 million shares outstanding, 32.3 million of them free-floating. It trades in a 52-week range of US$71.98 and US$20.63.

Disclosures:

1) Steve Sobek wrote this article for Streetwise Reports LLC. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver X Mining Corp., a company mentioned in this article.

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp


Follow Us on StockTwits






BiotechIndustryStocks.com - A Leading Global Investor Website for Biotech Industry Stocks

BiotechIndustryStocks.com - investing ideas in biotechnology stocks, medical technology and life sciences

Like Biotech Stocks? View our Biotech Stocks Directory

Get News Alerts on Biotech Stocks

Buy a biotech guest post on Investorideas.com