Biotech stocks are ignoring the volatility from the political fray today with big moves in many Rayno Life Science stocks and a 1.5% move in the bellwether ETF (IBB).The tech heavy QQQ lagged up only 0.7%. Overall, despite the negative comments on the fiscal cliff negotiations the market believes a deal can be made by year end.
Regeneron is the biggest winner in the Rayno Life Science Portfolio up 236% YTD. Other Rayno movers today are:
enter site Albany Molecular (AMRI) up 2%, Amgen (AMGN) up 1.88%, Astex (ASTX) up 3.29%, ImmunoGen (IMGN) up 1.9%, and ViroPharma (VPHM) up 3.3%.
Even the DX and Tools sector has gone green like Illumina (ILMN) up 2.11% and Response Genetics (RGDX) up 17%.