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Should You Buy Bristol Myers Squibb While It Trades Below 10 Times Forward Earnings?

Bristol Myers Squibb is facing a sizable patent cliff, but that's not unusual in the pharma sector.

  • Bristol Myers Squibb trades at 9.7 times forward earnings, below the five-year average
  • Competitor Eli Lilly has a much higher forward earnings ratio of 35.6 times
  • Bristol Myers Squibb's lower valuation stems from upcoming patent expirations on Opdivo and Eliquis

Crypto market unfazed by protests

Protests spreading across Europe have had limited impact on Bitcoin thus far, but if the unrest turns into a wider European bond or equity sell-off, it could weigh on risk appetite across assets…

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