Update-3 …10/17…Earnings Abbott (ABT) returns to growth in MEDTech: Raises EPS. a strong hold with DIV. of 1.88%. United Health (UNH) a core holding in any healthcare portfolio navigates increasing medical costs and cyberattack. Updated at 11:30a 10/18.
- iShares Medical Technology and US Devices (IHI) up 2.1% from good earnings results from ABT and ISRG. Bodes well for BDX up 0.8%.
- 10/18…Intuitive Surgical (ISRG).up over 8% on 17% revenue growth and Net Income $669 with EPS of $1.89, Gross Margin 69.1%.
Update-2 …10/16 3:40 EDT.….Quiet strength in SMID biotechs from the RAYNO Life Science Trading List. with the XBI back to the $100 level. 2% plus movers: CPRX, CRBU, CRMD, DNLI, EXEL, RNA, NTLA, RXRX, RZLT, TEM.
- Looks like a little profit taking in one of our best stocks: NTRA down about 1.9% on lighter volume at $126 level.
- NVAX down 19% to $10 on safety concern and FDA pause.
- The volatility in some of these stocks is a little crazy so we need to flag select stocks like ADPT and PACB.
Update-1 …10/14…..DOW and S&P 500 hits fresh highs as large cap tech buying renews : AAPL, AMAT,QCOM, NVDA, etc.; MedTech perks up BDX,EW,GKOS, HOLX. Life science trades more green than red: ILMN,NTLA, TEM,TWST. XBI quiet at $99.
LONG ABT,ISRG,UNH.
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Longboard Pharmaceuticals (LBPH) up over 51% on Lundbeck $2.6B buyout. Late stage products in neuroscience.
- Technology stocks continue to outperform with fits of Momentum from generative AI theme.
- Healthcare sector lags despite moderate growth. Note bad news from CVS and Humana.
- Momentum plays exist with specific stocks where innovation becomes apparent. e.g.CorMedix.
The market hit new highs last week led by technology and communication stocks as bull market enters 3rd Year. Defensive stocks such as Healthcare (XLV) up 12.84% YTD, lagged while the Financials (XLF) up over 2%, up 21.84% YTD beat the S&P over the past week with strong earnings from banks. This week we will get a good feel for the healthcare sector from companies reporting such as Johnson and Johnson (JNJ) and United Health (UNH). The XLV is weighted heavily with five stocks LLY, UNH, JNJ ,ABBV and MRK. Over the past year we have focused on several large cap stocks with dividends: ABBV, LLY, REGN and VRTX. The top weighted MedTECH stocks in the XLV are: TMO, ABT, DHR and ISRG. You can get good diversification in the Tools and Device sector with 2 FUNDS the FSMEX up 8.88% YTD and PRHSX up 14.25 %YTD, as you can see performance of our top funds below.
Chars healthcare (XLV compared to technology (XLK)
Recent Trades:
- We added shares of Pfizer (PFE) under $30 protected somewhat by a yield of 5.76%. as activist investor Starboard came inasa disruptor but the legal fracas has not boosted the stock. Future product sales improvement is expected from the acquisition of Seagen.
- We also bought shares of Illumina (ILMN) that has picked up momentum over the past two weeks from a number of upgrades with expectation of a strong product refresh cycle. CEO and bad GRAIL deal is gone.
The IBB and XBI recovered from recent lows and the XBI is up 10% YTD which lags our best FUND picks. The IBB also trails up only 7% YTD but improving.
STOCKS to Watch based on monthly performance from our SMID Life Science focus list:
- CorMed (CRMD) up 46% MTD and 169% YTD.
- Illumina (ILMN) up 16% MTD and 7.45% YTD.
- PacificBioscience (PACB up 17.86% MTD and -80% YTD.
- Natera NTA) up 5% MTD, up107%YTD.
- Denali Therapeutics up 3.4% MTD, up 30.5% YTD.
- Adaptive Biotechnologies up 12.5% MTD, up 0.82% YTD.
- Catalyst Pharma (CPRX) up 3.8% MTD, up 20% YTD.
- Avidity Sciences (RNA) up 15% MTD, 3.8% YTD.
- Crenetics (CRNX) up 4.7% TD, 49%YTD.
SMID CAP Trading List
| 10/13/24 | %YTD | %MTD | ||||||||||||||||||
| COMPANY | Ticker | ST | ||||||||||||||||||
| P | P | % | P | % | % | MCAP | RSI | Trend | ||||||||||||
| P 1/20/23 | Initial | 2/4/23 | 12/24/23 | YTD % | 4/8/24 | % | 10/13/24 | YTD | MTD | $B | ||||||||||
| Adaptive BiioTech | ADPT | 4.11 | 5 | 2.6 | -46.94 | 4.94 | 0.82 | 12.53 | 0.728 | 52.59 | d | |||||||||
| Acumen Therap | ABOS | 5.29 | 3.57 | -33.89 | 3.17 | -17.45 | 2.35 | -38.8 | -4.86 | 0.141 | 44.3 | – | ||||||||
| Avidity Sciences | RNA | new | 7/1/24 | 25 | 46.6 | 415 | 14.99 | 5.46 | 55 | – | ||||||||||
| Catalyst Pharma | CPRX | 16.1 | 16.58 | -10.86 | 14.89 | 11.42 | 20.2 | 20.17 | 3.8 | 2.4 | 53.8 | – | ||||||||
| Caribou Biosci | CRBU | 6.29 | 6.17 | -0.175 | 3.71 | -35.25 | 1.9 | -66.8 | -6.88 | 0.169 | 48.47 | – | ||||||||
| CorMedix | CRMD | 3.9 | 5.31 | 41.22 | 10.12 | 169 | 46.45 | 0.584 | 83.4 | u | ||||||||||
| Crenetics | CRNX | 42.12 | 18.38 | 53.14 | 49.35 | 4.7 | 4.8 | 54.7 | – | |||||||||||
| CRSPR Therap | CRSP | 49.61 | -25 | 55.27 | 63.67 | 56.63 | 53.91 | -13.88 | 46.85 | -25.16 | 3.1 | 3.99 | 50.81 | u | ||||||
| Cryoport | CYRX | 21.75 | -42.34 | 25.24 | 16.09 | -7.26 | 16.38 | 5.75 | 6.98 | -54.94 | -10.4 | 0.35 | 36.2 | d | ||||||
| Cytokinetics | CYTK | 31 | 65.34 | -21.74 | 54.98 | -34.27 | 2.06 | 6.46 | 51.64 | – | ||||||||||
| Denali | DNLI | 22 | 19.21 | -9 | 28 | 30.48 | 3.4 | 4 | 51.93 | – | ||||||||||
| Exelixis | EXEL | 22.25 | 23.75 | -1.21 | 26.23 | 9.34 | 1.5 | 7.48 | 52 | – | ||||||||||
| Evolent Health | EVH | 30.83 | 13.74 | 31.96 | 32.08 | 14.25 | 27.65 | -16.29 | 27.06 | -18.07 | -10.25 | 3.15 | 44.59 | u | ||||||
| Geron | GERN | 3.19 | 9.24 | 3.22 | 2.29 | -5.37 | 3.79 | 79.62 | 4.33 | 105.21 | -1.37 | 2.6 | 47.1 | – | ||||||
| Humacyte | HUMA | new* | 8/1/24 | 8.25 | 5.73 | 101.76 | 0.7 | 717 | 51.4 | – | ||||||||||
| Ilumina | ILMN | new* | 10/4/24 | 143 | 145.54 | 7.45 | 16.59 | 23.2 | 67.8 | u | ||||||||||
| Intelllia | NTLA | 25.5 | 18.58 | -39 | -8.02 | 1.89 | 39.54 | – | ||||||||||||
| Immatics | IMTX | 9.3 | 9.9 | 13.66 | 10 | -4.94 | 9.34 | -11.03 | 20.1 | 0.96 | 26.65 | d | ||||||||
| Natera | NTRA | 60 | 91.66 | 46.33 | 130 | 107.63 | 5.03 | 16 | 57 | – | ||||||||||
| Pacific Biosci | PACB | 11.29 | 55.68 | 11.58 | 8.59 | 5 | 1.47 | -85 | 1.98 | -79.9 | 17.86 | 0.539 | 61.9 | u | ||||||
| Novavax | NVAX | 3.67 | – | 12.53 | 161 | 1.95 | 2 | 47.5 | – | |||||||||||
| Quidel-Ortho | QDEL | new | 9/16/24 | 44 | 41 | -44.3 | -8.47 | 2.76 | 37.75 | d | ||||||||||
| Recursion Pharm | RXRX | 10.75 | 8.12 | -17.65 | 6.62 | -32.86 | 2.64 | 1.93 | 51.35 | – | ||||||||||
| Rezolute | RZLT | new | 7/8/24 | 4.25 | 4.7 | 373.3 | -8.56 | 0.263 | 47.21 | – | ||||||||||
| Roivant | ROIV | 11.4 | 11.03 | -1.78 | 11.9 | 5.97 | -3.88 | 8.8 | 5.1 | u | ||||||||||
| Supernus | SUPN | 40.3 | 12.3 | 41.61 | 29.23 | -18.05 | 30.07 | 3.9 | 33 | 14 | (6.18 | 1.82 | 58.22 | u | ||||||
| Tempest AI | TEM | new | 7/10/24 | 52 | 48.82 | 21,29 | 5.01 | 7.53 | 47.39 | – | ||||||||||
| Twist Biosci | TWST | 18 | 3.76 | 34.03 | 31.54 | -14.53 | 44.47 | 20.65 | 0.25 | 2.61 | 51.31 | – | ||||||||
| 10x Genomics | TXG | 47.84 | 56.58 | 55.27 | 27.59 | -50.79 | 16.26 | -70.94 | -26.43 | 1.96 | 32.25 | d | ||||||||
| Vericel | VCEL | 31 | 34.75 | 31.93 | 46.05 | 29.32 | 41.89 | 17.07 | -4.6 | 2.04 | 43.35 | – | ||||||||
| Veracyte | VCYT | 24.89 | 39.43 | 26.67 | 28.27 | 19.13 | 19.31 | -29.81 | 34.02 | 23.66 | 12.2 | 2.61 | 57.2 | u | ||||||
| SPDR Biotech | XBI | 86.99 | 14.75 | 90.39 | 87.62 | 5.57 | 83.49 | -6.51 | 98.68 | 10.52 | -0.22 | 51.91 | – | |||||||
| iShares BIO | IBB | 133.77 | -1.89 | 132.51 | -2.48 | 145.59 | 7.17 | – | 53 | u | ||||||||||
| HealthcareSPDR | XLV | 135.02 | – | 143.22 | 5.02 | 153.89 | 12.84 | -0.9 | 52.53 | – | ||||||||||
| iShares MedTEch | IHI | 53.65 | 57.3 | 6.17 | 55.79 | 58.61 | 8.6 | -0.91 | 51.97 | – | ||||||||||
| ArkGenomics | ARKG | 35.28 | 32.81 | 16.22 | 23.18 | -29.35 | 24.79 | -24.44 | -2.13 | 52.96 | – | |||||||||
| T.RowePrice | PRHSX | 86.84 | -3.32 | 92.49 | 5.22 | 100.4 | 14.22 | -0.32 | ||||||||||||
| FidoSelBiotech | FBIOX | 1763 | 21.42 | 20.13 | 1.04 | |||||||||||||||
| FIdoMedTech | FSMEX | 61.77 | 64.23 | 67.46 | 8.88 | – | ||||||||||||||
| JANUS Life Sci | JNGLX | 80.72 | \16.77 | -0.28 | ||||||||||||||||
| – | ||||||||||||||||||||
| 12/24/23 | 8/12/24 | %YTD | MTD | |||||||||||||||||
| iShares CoreS&P | IJR | 108.34 | 14.48 | 107.62 | -0.58 | 109.6 | 1.32 | -1.54 | ||||||||||||
| iShares Russell | IWM | 201.48 | 15.55 | 204.45 | 1.86 | 205.86 | 2.55 | -3.53 | ||||||||||||
| NASDAQ-100 | QQQ | 408.38 | 53.36 | 440.47 | 7.56 | 453.19 | 10.7 | -8.42 | ||||||||||||
| Fido MED Tech | FSMEX | 61.77 | 63.36 | 2.26 | 0.19 | |||||||||||||||
| T.RowePrice | PRHSX | 86.84 | -3.32 | 92.49 | 5.22 | 97.33 | 10.73 | -1.1 | ||||||||||||
| iShares MED Dev | IHI | 53.65 | 2.05 | 57.3 | 6.17 | 55.79 | 3.37 | -1.19 | ||||||||||||