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...
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...