Surveying the Damage with Rayno Life Science Stocks…2015 YTD
Biotech Bounce-Caution on New Positions IBB up 2% at 340 support level Most biotech stocks are green as of early trading on May 1. Although the sector has taken a beating since April 23 most ETFs and funds are outperforming the market year to date up more than 10%. As we posted earlier this...
Biotech Buzz Is Broken…Update 4/30…#2
Gilead (GILD) Gilead Beats Q1 Estimates: $7.4B Sales HCV , EPS $2.94, stock up 2% after hours XBI Down Another 4% Down 12.84% in Five Days Weak Tape and Sell-Off Continues...4/30...NASDAQ at 4991 XBI down 1.6% now at 2/24 lows at 212 High fliers hit with profit taking...ADRO, AGIO, JUNO, KITE...
Tech Hot Biotech Not: ALXN,BIIB…Update 4/26
Can Biotech Leadership Continue Up 20% YTD Biotech stocks were roughed up on Friday with a potential market rotation out of healthcare into technology. The XLK Technology SPDR was up 4% for the week compared to only 2% for the IBB. The XLK holds large cap stocks such as AAPL,MSFT,FB GOOG...
Rayno Portfolio Picks Up On Q1 Results: AMGN, ILMN…Update-1
Update ILMN 12n EDT trading 4/22 Illumina (ILMN) is selling off from the opening and is now down 4.8% on heavy volume of over 2M shares. The stock has a high PE of 83, P/S of 15 and 95% institutional holdings. Profit taking is underway. The chart shows a triple top at the $200 level in Q1 2015....
Biotechs Lag In Snap-Back Rally: CAR-T
Big Earnings Week-AACR Data Disappoints Roller Coaster Market This will be a big week for the market with 25% of all S&P companies reporting earnings. There is a broad rally today in all major indices up over 1% with the DOW leading helped by AAPL up 2.4% on more bullish prospects for the...