Gilead Sciences, Inc. GILD is an independent biopharmaceutical company that seeks to provide accelerated solutions for patients and the people who care for them. They have a broad-based focus on developing and marketing drugs to treat patients with infectious diseases, including viral infections, fungal infections and bacterial infections, and a specialized focus on cancer. Gilead was just added to the Zacks Rank #1 (Strong Buy) list today. On Monday, Gilead announced that it would acquire Nimbus Apollo, a smaller drug researcher working on nonalcoholic steatohepatitis (NASH) liver treatments. There are currently no NASH therapies on the market, and about 20% of US adults have the disease. By acquiring Nimbus Apollo for just $400 million, Gilead has made a low-risk, high reward move. Gilead investors hope that this deal will help the company maintain a period of recent success. In the past month, the stock gained nearly 7%. In that time frame, we have also seen a positive estimate revision for the company’s current quarter and annual earnings. It’s also important to note that the Gilead currently has a positive Earnings ESP of 6.21% for the current quarter, and 10.24% for the fiscal year. Additionally, the company has exceeded earnings expectations by an average of 7.79% over the trailing four quarters and currently has an “A” grade in the weighted VGM average category of our Style Scores system. Check out our chart on GILD here: It looks like Gilead is a Zacks Rank #1 (Strong Buy) because it has the perfect combination of recent positive news and solid fundamental metrics. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GILEAD SCIENCES (GILD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research