Josh Brown Picks Incyte and Biogen as Top Healthcare Stocks

Earnings
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Summary · why it matters

Josh Brown, CEO of Ritholtz Wealth Management, highlighted Incyte and Biogen as two of his top stock picks, saying he wanted to take a break from the AI capital expenditure theme. Brown praised Biogen for its strong fundamentals and earnings, but the focus here is on Incyte, which is up 22% this year. Incyte, which develops drugs for blood cancers and inflammatory skin diseases, reported a 38% rise in revenue and a 40% jump in net product sales in its latest quarter, beating estimates. Its key product Jakafi saw sales rise 7%, while Opzelura sales increased 24%. The company raised its full-year fiscal 2026 sales guidance by about 7% and lifted the Opzelura outlook by roughly 40%, and it expects about 10 clinical data readouts in the second half of fiscal 2026. Risks include Jakafi's potential loss of exclusivity in 2028 and competition from AbbVie's Rinvoq, which recently won European approval for vitiligo.

Impact on stocks 3

Biotech & Genomic Medicine± Mixed · 3 stocks
Incyte Corporation
INCY
▲ PositiveCapitalrelevance

Incyte reported strong revenue and sales growth, raised guidance, and is highlighted as a top pick by Josh Brown.

Biogen Inc
BIIB
▲ PositiveCapitalrelevance

Josh Brown praises Biogen for strong fundamentals and earnings, highlighting it as a top pick.

AbbVie Inc
ABBV
▼ NegativeCompetitionrelevance

Incyte's Opzelura competes with AbbVie's Rinvoq, which recently won European approval for vitiligo, potentially threatening Incyte's market share.

Theme Impact 2

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