Stocks Show Resilence off early April Lows
A nice week despite uncertainty from tariffs with the S&P 500 up 5% and NASDAQ up 7%. Healthcare and biotech stocks were still selling off until the recent 2 day snap back . Tech stocks were huge winners and AI is back with big buys from the Saudis. And of course a lot of this was sparked by an apparent TRUMP pivot on tariffs. So we have been trading up on tech stocks and selling biopharma and biotechs. MedTech looks much better with the IHI up 3.54 % this week; despite slimmer margins expected due to increased costs from tariffs.
Biopharma stocks Catch a BID finally
The PPH was a roller coaster but up 1.5% for the week. he XLV was up 2% for the week as some brave traders even nibbled on UNH.! The XBI stopped its decline up 3.47% for the week at $79.
- Large caps we still hold after “drone attacks” from trade war and new policies : ABBV up 3.6% YTD ,GILD up 10.97% YTD , LLY down 1.89% YTD, NVS up 12.62% YTD,PFE down 13.95% YTD, VRTX up 8.93% YTD.
- LIfe Science Winners we still hold: ADPT, CRMD, CYRX,RYTM, SUPN,VCYT, VIGL.
- MedTech Winners we stil own: ABT, BRKR, FSMEX,IHI,SYK,
Summary of winners and losers out this Weekend.
XBI up 3.44% for the week.
