Novartis (NVS) is a pharmaceutical stock with a vast portfolio of drugs. Many of the company's drugs have been performing well and the stock is approaching its 52-week high, but is the stock worth buying at its current price? Read more to find out.Novartis (NVS), a drug specialist based in Basel, Switzerland, has an extensive portfolio of drugs, many of which are used for oncological purposes. NVS therapies and drugs are also used to treat respiratory diseases, brain-related ailments, dermatological issues, cardio-metabolic challenges, immunological problems, and more.
This healthcare pioneer's roots date all the back to the late 19th century. NVS has stayed in business for good reason. The company's drugs and therapies have legitimate merit. Perhaps most important is the fact that NVS's drug researchers continue to push the envelope with breakthrough innovations.
Is NVS a Buy after its slow first half to 2021? Is the stock destined to move sideways or even decline in the months ahead? I answer those questions below.