Momentum Market Ignores Washington- Biotech Sector Hits New Highs
FED Fuel Fans Feuer The monetized momentum market rolled on today despite the backdrop of bearish commentary from celebrity pundits and strategists. With the DOW hitting new highs at 14,263 (and forgetting about the 2001 NASDAQ 5000 high which is still 2000 points away), growth in the ISM at...
Life Science Stocks Perky Today: ACHN,ALXN, AMRI,CBST,PCYC,OPTR
Biotech Rally Takes Sector to New Highs After a brief lull many biopharmaceuticals stocks are rallying over 2% today. Recently we reiterated Cubist (CBST $45.38) up 4.4% and Optimer (OPTR $12.62) up 3.34% and both are among big movers today. Taking the lead from some undiscovered small to mid...
MO Watch-Winners and Losers
High Beta Technicals-Resiliency Rules With NAZ, Dow and S&P up about 0.24%. Lots of volatility today with MO stocks as BIG money trolls along: CLDX ($10.34) up 54.8% YTD, $640M Market Cap. IBB ($149) ETF up 1% at new highs should hit $150. INFI ($43.95) up 6.5% today, newbie in MO land up...
MO Money Hair Trigger-ISRG Down 11% on FDA Probe Report
Market Reverses Late in the Day Giving Pause to Euphoria Intuitive Surgical (ISRG $509.89) plunged 11% in final minutes upon disclosure from Bloomberg of a safety probe from U.S. regulators. An FDA survey is trying to determine "whether adverse incident reports sent to the agency are 'a true...
Rayno Biopharmaceutical Portfolio Performance- After Sell-Off 2/26/13
Caution-Follow Technicals-Potential for Macro Risk Off The Life Science sector is about 2% off highs of February 1 and has formed a double top from October 5 highs. In recent posts we urged caution as some MO stocks had blow-off tops (ALXN,MDVN, REGN) and the IBB and XBI were unable to reach...