Bernanke Bounce Carries Biotechs To New Highs
Strong NASDAQ Up 1.35%-IBB Hits 188.82 All Time High A stealth rally that began with futures after the close yesterday was triggered by Bernanke comments interpreted by the market as backtracking on "tapering". Maybe Bernanke was trying to soften his perceived tapering (not tightening)...
Futures Up After Bernanke Speech
Run the Presses-Money That Is Buy Stocks, Bonds, Gold? It could be a knee jerk reaction but investors are bullish after Bernanke says economy still needs help from stimulative money policy. Low interest rate policies should continue. Futures rally with NASDAQ and gold up over 1%. Euro up,...
A Risk Off Day But With Nice Gains in Biotech: ALXN, AMGN, PCYC, VRML
Rayno Life Science Movers 2% or more Alexion (ALXN $97.8) up 2.14% Amgen (AMGN $100.71) up 2.4% Pharmacyclics (PCYC $100.55) up 12% Vermillion (VRML $2.90) up 10.6% After a 4 day S&P rally up 2.7% stocks are taking a rest but the IBB ($183.56) rallied another 0.58% up 33.7% YTD just shy of...
Life Science Stocks Mixed But New Highs In ABAX, AMRI, QDEL, RGDX
Life Science Stocks Are Mixed-Biopharma Weak But Diagnostics Strong The life science sector traded along with NASDAQ today so as the NAZ sold off (tech stock weakness) biotech followed. The IBB (181.51) off 0.58% could not regain momentum as of mid-day trading after a 3 day rally. Profit taking...
Rayno Life Science Portfolios July 1, 2013 Update
Biotechnology Sector (IBB 178) Up Over 30% YTD Many Rayno Focus Stocks Outperformed the Market NASDAQ 3431 , S&P 1615 Biopharmaceutical-Top 5 Stocks- % Up YTD Albany Molecular (AMRI) 140.7 Alkermes (ALKS) 59.3 Astex (ASTX) up 49.5 Biogen Idec (BIIB) up 48.9 Pharmacyclics (PCYC) up 47.8...