Nice Market Turnaround Today: NASDAQ up 1%
We are at the Rodman And Renshaw Meeting today while the market ignored macro events and found buyers in the life sciences and tech sectors. We will offer some bottom fishing ideas this week in addition to stocks mentioned last week. The trade for any upswing is long qqq providing biotech, tech...
European Debt esp Greece Drive Markets Down 2.8%
Imminent Greek Default? Buyers on Hold for the Weekend The familiar pattern comes back to haunt US markets as an ECB official resigned sparking a downdraft within 1o minutes. Jurgen Stark, a German who sits on the Board of the European Central Bank is an opponent of the bank's buying program....
Healthcare and Biotech for Relative Safety: ALXN,REGN,OPTR,SGEN
A Place to Hide from Volatility Today was not as bad as early futures and European markets would portend. The S&P cut its losses to 0.74% and the NASDAQ was down only 0.26%. But as we recommended last month the healthcare sector looks good for relative safety. Drug stocks that pay dividends...
Healthcare and Biotech Stocks Holding Up Well on a Bad Day: CBST,RGEN, SGEN
On August 21 we suggested that large cap drug and biotech stocks were a good place to hide and this is the case today with the healthcare sector the least damaged on a disappointing jobs report and mortgage related litigation that will further hurt the housing market.Withe major indices down...
August 2011 Life Science Market Review:Winners and Losers
Worse August in a Decade Down 6%-Economic Data Still Foreboding and Macro Headwinds Remain If you were on vacation for the month of August and reviewed your "balanced" portfolio today you might wonder what everyone was freaking out about. Treasuries were up big. The DOW just turned positive for...