by Rod Raynovich | Aug 1, 2011 | 2023-24 Life Science Portfolios, BIOgraph, Macro
Triggers: Debt Ceiling and Skilled Nursing Stocks There is a broad sell-off in healthcare stocks today on fears that the debt ceiling deal would cut healthcare spending.A few weeks ago a few hedgies were on CNBC touting their “short healthcare” trade so...
by Rod Raynovich | Jul 27, 2011 | BIOgraph, Macro
Weakness in tools such as ILMN ($59.30) down 15% is hurting biotech. Also our mid cap biopharma index is down 2.5% . So the NASDAQ-100 is favored due to the inclusion of AAPL, AMZN, INTC and MSFT etc and larger cap biotech stocks.
by Rod Raynovich | Jul 25, 2011 | BIOgraph, Macro
Note: we will return from vacation this week and focus on companies attending the AACC (American Association of Clinical Chemistry)Meeting in Atlanta this week). Market Down 0.5% as Both Parties Struggle to Come up with Debt Ceiling Plan One half hour into trading...
by Rod Raynovich | Jul 19, 2011 | 2023-24 Life Science Portfolios, Macro
Life Science Stocks Follow NASDAQ Up: EXAS, MITI, REGN Soar Large healthcare companies report over next two weeks Stocks roared today on IBM earnings last night, debt ceiling negotiation progress with bipartisan Senators,and surge in housing starts. AAPL piled on...
by Rod Raynovich | Jul 19, 2011 | 2023-24 Life Science Portfolios, Macro
With the QQQ you are still Bullish on Biotech We mentioned yesterday that those wanting to be bullish large cap NASDAQ stocks but remain bullish on biotech would be better off with a QQQ position as pure play biotechs are due for a rest. Today the QQQ is up 1.69%...
by Rod Raynovich | Jul 15, 2011 | BIOgraph, Macro
Large cap drug and biotech stocks sold off as buyers favor technology. Within the NASDAQ-100 up 1% led by GOOG, BIDU and SIRI. Alexion (ALXN $52.19) bucked the weakness in biotech up 1.74% but GILD, ILMN and AMGN down. Some major rotation going on today out of...
by Rod Raynovich | Jun 23, 2011 | BIOgraph, Macro
Techs and Biotechs Turn Around Its up- its down- its way down -its coming back.At the end of the day NASDAQ recovered up 0.66% after being down more than 1.4%, the Dow was down 0.49% and the S&P down o.28%. Crosscurrents were too numerous to cover: plunge in oil...
by Rod Raynovich | Jun 15, 2011 | BIOgraph, Macro
Europe debt woes, riots in Greece and a 3% CPI increase for a 12 month period spooked investors. All sectors sold off today with major indices down: NASDAQ off 1.77%,Dow off 1.5%,S&P off 1.7%. Energy, materials, technology and financials were weakest, and all down...
by Rod Raynovich | Jun 3, 2011 | BIOgraph, Macro
Even the Market is Bored with Economic Data-It’s All About Jobs Weak U.S. payrolls data with a rise of only 54,000 jobs push jobless rate up to 9.1% reversing April’s advance. This mirrors recent coolness in the economy and retail store data. The bond...
by Rod Raynovich | Jun 1, 2011 | BIOgraph, Macro
Market Sell-Off Over 2%-Worse Day Since August 2010 Yesterday’s rally was obviously a good hangover from your Memorial Day weekend. The bad economic news has finally come to roost and the selling today is ominous because it is the first day of the month. Over...
