Why is the Market Going Up?
Rick Santelli on CNBC answered the question today. Very few places to put your money: 1-In the mattress-cash. 2-In the ground-metals, energy. 3-In equities-earnings. With investors worried about interest rates rising and potentially no QE 3 , money could come out of bonds. In the WSJ today the...
Stocks to Watch-Life Science Tools and Diagnostics: Meridian(VIVO) and IRIS
On robust and active Life Science trading day two laggard diagnostic stocks perked up: Iris International (IRIS $9.41) is up 4.44% on FDA clearance of its iChem Velocity Workstation for automated Urine Chemistries. The stock is been trading from $9-10 over the past six months.P/S for 2011...
Biotechs Bounce With Good NASDAQ Tape: Ariad(ARIA), Exelixis(EXEL)andOptimer(OPTR)
Biotech rally day with speculative news: ASCO,M&A,and Clinical News. Biotech stocks were green across the board with our mid-cap index of 33 stocks up 1%. ETF's were strong: FBT up 1.3%, IBB up 1.3% and XBI up 1.45%. The NAZ is up 1.11%. Some notable winners are: Ariad (ARIA $6.80) up 7.7%...
Nat Gas Is Being Re-Discovered:Price Up to $4.35-Update 3/24
Update after Inventory Report: Range $4.34-$4.48 Nat Gas prices up 10% in five sessions reached the highest level since Feb 4 as cold weather forecasts added to the bullish scenario. The EIA storage report showed a minor draw of 6 bcf which should continue with colder weather. Technicians see...
Biotech Winners Today Despite XOMA News
Good news boosted many biotech stocks today as the XOMA clinical trial failure of yet another diabetes drug did not scare away investors. Although the major ETF's were barely up, there were a lot of individual stock winners. Within the Rayno Life Science Portfolio there were winners:...