Biotech Blahs: Out of Favor But Great For Stock Pickers…Update-2
Update-2...1/6/17-- Three Day Biotech Rally...12N EST NASDAQ at New Highs 5532 XBI is up 5 points since last Friday's close to $63.45;The IBB is up 16 points to $280. Investors are betting on a turnaround in healthcare with positive news from the JPMorgan Healthcare Conference next Monday....
Life Science Sector Review: Diagnostics and Tools Update
Life Science Sector: What's Going On With Dx and Tools Stocks? We dropped coverage of Life Science diagnostics and tools stocks in January 2016 just after the severe market correction began. Of course the downdraft opened up great values in several stocks.We have reviewed selected stocks in the...
Biotechs Fade Again In Late Day Sell-Off
Biotechs Fade After Promising Start-Smaller Cap Winners Biotech stocks got a jump-start this morning peaked quickly then abruptly sold off at about 2p. The IBB ended down 1.33% to 268.79 off recent five-day highs of $274 and considerably off post-election highs of $293. The XBI tells a similar...
Biotechs Mixed Hurt by Alexion (ALXN) and Ophthotech (OPHT)…Update-1
Update-1 2:30P EST... Improved Tone in Selective Biotech Stocks Maybe it's bottom fishing or the end of tax selling but today we can see buyers coming in for large cap biotechs. However the backdrop is still cautious because of drug pricing rhetoric and a sector shift to industrials, energy and...
Biotechs Unhinged by Tough Pricing Talk
Biotechs Unhinged-Roiled by Commentary and Tweet storms Biotech stocks rallied briefly early in the week but sold off abruptly over the past two days with a quote from Trump in a Time Person of the Year article as saying, "I'm going to bring down drug prices". This tough talk is reminiscent of...