SMID Biotechs Stalled but a Strong Week for Most Large Caps
- Large CAPs biopharmas did better during a volaiile week for AI and NASDAQ.
- SMIDs in a Red screen mode with XBI down 6%, IWM down 3%.
- BIG Winners for the week:AMGN, BIIB, LLY, PFE. ;XLV up 13.74% YTD.
Another Rotation week? AI trade is back?
SMID biotech stocks are coming back today as large caps take a rest. The XBI is coming back up 2.86% along with some of our favorite SMID trades: DNTH, NTRA,PTGX,ROIV, SLDB, TWST, VYGR, XENE. A little more action in ARKG and I’ll go RISK ON!
Stil lworried about small cap action.
Large Cap Biopharmaceuticals before Q3 earnings
| COMPANY | TIcker | P | Mkt Cap | % YTD | RSI | P 10/18 | % WTD | |
| $B | ||||||||
| Abbvie | ABBV | 276.47 | 488 | 21 | 71 | 285.42 | 3.24 | |
| Amgen | AMGN | 414.87 | 2224 | 26.7 | 62.5 | 432.43 | 4.25 | |
| Gilead Sciences | GILD | 151.17 | 187 | 23 | 63.41 | 156.19 | 3.32 | |
| Johnson and J | JNJ | 261.44 | 630 | 26.3 | 43.7 | 255.56 | -2.25 | |
| Eli Lilly | LLY | 1179 | 1110 | 9.73 | 63.33 | 1257 | 6.59 | |
| Merck | MRK | 145.6 | 359 | 38.3 | 52 | 145.95 | 0.24 | |
| Pfizer | PFE | 28.28 | 161 | 13.57 | 69.7 | 29.58 | 4.6 | |
| Vertex | VRTX | 510 | 129 | 12.5 | 43.8 | 499.74 | -1.77 | |
| ARK GEnomic Rev | ARKG | 40.7 | 46.7 | -8.97 | ||||
| iShares Biotech | IBB | 45.84 | 202 | -2.18 | ||||
| State ST SPDR | XBI | 35.9 | 144.32 | -6.15 | ||||
Disclosure: LONG: ABBV, GILD, LLY, MRK, PFE, VRTX; New BIIB, IBB.
