Healthcare Stocks Rally 2% on News; Is Sector Rotation Underway?
Are investors rotating into the lagging healthcare sector? Biotech, drug and device stocks were up broadly today. The healthcare sector has lagged the market YTD up only 1.35% compared to the S&P up 11.2%. Even major drug stocks, down 2.4% YTD, got strong bids. Medical equipment and...
Rayno Snow Blog and Nat Gas Update: LaNina on Steroids
West Coast Weather: Wet and Warm Changes are coming in the West as the high pressure breaks down bringing in storms this week and next weekend. Weather Geek : TahoeLoco.com The storm track will remain to the North of the Sierras mid -week with a bigger storm from the Gulf of Alaska coming this...
Rayno Life Science Portfolio Tools and Diagnostics: EXAS added
Tools and Diagnostic stocks are having a good day perhaps sparked by the BeckmanCoulter (BEC) announcement that it is being put up for sale. The BEC stock is up 27% to $72.68.You could have bought Beckman only 3 months ago at $45 after resignation of the CEO and a product recall. Life...
Rayno Snow Blog: Nat Gas sell-off on inventory; LaNina Advisory
After an inventory report the bulls paused off intermediate top in the 4.60 range then headed for the sidelines as January Futures were off 13 cents to $4.47. Support is $4.40. The decline in storage was -89 bcf from the previous week not enough to spark buying. Weekly Natural Gas Storage...
Play the Biotech Sector with ETF’s: FBT, IBB and XBI
Life Science ETF’s: Strategy and Composition There are several ETF’s with biotech and drug positions but the three that are large, liquid and better known with asset values are : First Trust Amex Arca Biotech Index (FBT,$166M) , iShares Nasdaq Biotechnology (IBB, $1.38B) and SPDR...
