Should You Follow Hedge Funds Into These Healthcare Stocks?

#2. Gilead Sciences, Inc. (NASDAQ:GILD)

Gilead Sciences, Inc. (NASDAQ:GILD) is another popular healthcare stock among the collection of top hedge funds tracked by Insider Monkey, as 84 of them were long the stock as of the end of 2016. The California-based biopharmaceutical company has a healthy dividend yield of 3.1%, one of the highest in the healthcare sector. Gilead Sciences, Inc. (NASDAQ:GILD) is famous for its breakthrough Hepatitis C treatment, though the stock sunk to new lows earlier this year after the company gave a bearish sales outlook. Gilead reported total revenue of $12.8 billion from its eight HIV treatments in 2016. It is in the process of concluding late-stage trials for Bictegravir in combination with F/TAF, and analysts think the drug could be a blockbuster, potentially reaching annual sales of over $5 billion.

Evgeny Atamanenko/Shutterstock.com

Evgeny Atamanenko/Shutterstock.com

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