Gilead Sciences Inc (GILD)

[Tha Part Time Er]

Diamond Hill Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Diamond Hill Small Cap Fund posted a return of -36.17% for the quarter, underperforming its benchmark, the Russell 2000 Index which returned -30.61% in the same quarter. You should check out Diamond Hill Capital's top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash. There weren’t a lot of funds who could deliver these kinds of returns without shorting the market or using aggressive put options.

In the said letter, Diamond Hill Capital highlighted a few stocks and Gilead Sciences Inc (NASDAQ:GILD) is one of them. Gilead Sciences is a biotechnology company. Year-to-date, Gilead Sciences Inc (NASDAQ:GILD) stock gained 15.9% and on June 3rd it had a closing price of $74.40. Here is what Diamond Hill Capital said:

"Biopharmaceutical company Gilead Sciences, Inc. outperformed as fundamentals remained strong. The company’s HIV drug portfolio is expected to remain competitive, the oncology and immunology business divisions are making good progress, and it continues to shore up its clinical pipeline. Gilead is a leader in infectious disease research and is researching a possible COVID-19 treatment, which has seen some early success."


Countries With Highest Medical Research Spending
Countries With Highest Medical Research Spending
In Q1 2020, the number of bullish hedge fund positions on Gilead Sciences Inc (NASDAQ:GILD) stock increased by about 13% from the previous quarter (see the chart here), so a number of other hedge fund managers seem to agree with GILD's growth potential. Our calculations showed that Gilead Sciences Inc (NASDAQ:GILD) isn't among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds' poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.