Amgen (AMGN) Bid For Onyxx (ONXX) Moves Stock Up $45 in Pre-Market.. Update 1
Biotech Sector All Green Triggered By ONXX Bid A lagging biotech sector perked up today on the $10B bid for ONXX by Amgen(AMGN). Most Rayno Life Science stocks were up except Amgen which was down 0.19%. This is a tradable rally but one not likely to drive the sector to new highs. However mid...
Strong Bond Auction Punctuates 3 Day Rally in Stocks
Bond Market Stabilizes A strong bond auction today for the 7 Year Treasury at an interest rate of 1.94% helped support the three day rally easing investor concerns about rising interest rates and liquidation of bonds. European and Japanese stocks were also up. Bond mavens Jeffrey Gundlach of...
Nice Recovery Day Despite Lackluster Tape-Healthcare Lagging Sector
Global Economic Picture Not Good-Healthcare A Laggard on Rally Day Strong housing and durable goods data supported the rally today taking the S&P up 0.95% and NASDAQ up 0.82%. Comments from the China's Central Bank helped a recovery from a free fall in the FXI at $31.70 down from the $41...
Biotech Bull Market Intact But Speculation Is In Check Update 1
Life Science Stocks in Corrective Mode-Look for Support Today Update-winners could not hold tops with IBB ending day at $167, NASDAQ at 3321 The sector sell-off which began off the May top (up 30%) and picked up downward momentum in June is continuing today. However some large cap...
Rayno Life Science Portfolios With Sector Up 20% YTD 6/20/13
Rayno Diagnostics and Tools Portfolio Prices as of 5/29/13 Top 2013 Winners: ABAX, ALR, CSII, GHDX, ILMN, TMO, VRML Sector high was in mid-May Less volatile than biopharma but more dependent on earnings Five companies on focus list were acquired over 3 years 2010-2013 Original Price Price %...