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AMD   68.36 (+1.77%)
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MU   51.00 (+0.83%)
CGC   3.04 (+6.29%)
F   12.18 (+2.27%)
GE   64.46 (-0.02%)
DIS   99.40 (+3.70%)
AMC   7.67 (+2.95%)
PYPL   91.12 (+6.26%)
PFE   44.43 (+0.77%)
NFLX   245.20 (+9.29%)
QQQ   279.94 (+1.99%)
AAPL   149.84 (-1.27%)
MSFT   241.07 (+1.97%)
META   141.61 (+5.36%)
GOOGL   100.05 (+2.62%)
AMZN   118.01 (+3.15%)
TSLA   287.81 (+1.72%)
NVDA   127.36 (+2.60%)
NIO   17.33 (+0.81%)
BABA   80.99 (+4.01%)
AMD   68.36 (+1.77%)
T   15.83 (+0.64%)
MU   51.00 (+0.83%)
CGC   3.04 (+6.29%)
F   12.18 (+2.27%)
GE   64.46 (-0.02%)
DIS   99.40 (+3.70%)
AMC   7.67 (+2.95%)
PYPL   91.12 (+6.26%)
PFE   44.43 (+0.77%)
NFLX   245.20 (+9.29%)

A Dose of AbbVie Stock Can Help Your Bear Market Portfolio

A Dose of AbbVie Stock Can Help Your Bear Market Portfolio

A growing dividend and expanding pipeline are two reasons to invest in ABBV stock 

AbbVie (NYSE: ABBV) is a conventional stock for unconventional times. And that’s exactly why it makes sense to add or hold in your bear market portfolio. The company offers a stable and growing dividend that helps to boost your total return no matter what happens in the day-to-day market. 

I really want you to focus on the last part of that sentence. Every active investor has a bit of a speculator inside of them. It’s part of the fun and the challenge. However, bear markets can humble the best of us, and they are a time when it’s good to get back to basics. 

That doesn’t mean pulling your cash out of the market or only investing in fixed-income securities. It means putting quality first. That lets you take a less passionate look at the daily ups and downs of the market … and maybe sleep better at night as well. It’s that peace of mind that is at the core of my reasoning for investing in ABBV stock during this bear market.  

What Will AbbVie Report This Earnings Season? 

AbbVie reports its second-quarter earnings on July 29, 2002. That will be right around the time the Federal Reserve makes its announcement on interest rates. So things may get a little noisy for reasons that have nothing to do with AbbVie’s fundamentals.  

On its last earnings call, AbbVie forecasted revenue of $14.6 billion with earnings per share (EPS) between $3.38 and $3.42. The analysts tracked by MarketBeat are taking a bearish tone with a consensus EPS of $3.29. This may owe to the fact that AbbVie narrowly beat on EPS last quarter and missed on revenue. 


On the other hand, Morgan Stanley (NYSE:MS) recently raised its price target for ABBV stock to $191. That’s approximately 20% higher than the consensus estimate.  

A Company With a Deep Bench 

Investors are concerned about the company’s loss of patent protection on Humira, its flagship drug. However, as I and others have written about before, AbbVie has launched new drugs such as Skyrizi and Rinvoq that are beginning to help the company diversify away from Humira. 

Plus, AbbVie is in the early stages of building out what could be a profitable portfolio through its acquisition of Allergan. And in June, the company got a recommendation for approval by the European Medicines Agency’s Committee for Medicinal Products for Human Use.  

The recommendation allows for an expanded label with Rinvoq in the treatment of adults with active non-radiographic axial spondyloarthritis. The company may receive official approval in the current quarter.  

An Investment Fit for a King 

Whenever I write about AbbVie, I always mention the dividend. That’s not without reason. In 2021, AbbVie became part of the Dividend Kings club. This is a group of companies who have increased their dividends for at least 50 consecutive years. ABBV stock currently pays out $5.64 per share on an annual basis.  

Protect Your Wealth with ABBV Stock 

Investing is about building wealth slowly. That’s the advantage of buying stock of a company like AbbVie. The company has products in market now and an expanding pipeline that will allow the company to deliver stable revenue and earnings in the future.  

History says that the average bear market has lasted 289 days (approximately nine months). But several of the 26 bear markets since 1929 have lasted longer than one year. Plus, the average decline in a bear market is around 34%. That suggests the major indexes may have a way to go.  

That knowledge and about $5 these days will buy you a cup of coffee. The fact is that there’s no telling how long this bear market will last. Which is even more reason to put your portfolio in a position to succeed with quality stocks of companies that have products that will remain in demand – and pay you a dividend for your patience. 

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
AbbVie (ABBV)
2.3904 of 5 stars
$144.60+2.0%3.90%20.48Moderate Buy$159.35
Morgan Stanley (MS)
3.0616 of 5 stars
$81.47+2.5%3.81%11.01Hold$99.38
Compare These Stocks  Add These Stocks to My Watchlist 

Should you invest $1,000 in AbbVie right now?

Before you consider AbbVie, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AbbVie wasn't on the list.

While AbbVie currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Chris Markoch

About Chris Markoch

Contributing Author: Retirement, Individual Investing

Chris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.

Contact Chris Markoch via email at CTMarkoch@msn.com.
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