Biotech Stocks Ruffled During FedSpeak Week..Update-1
Update-1 Nov. 8..Volatile election day favors the bulls. IBB and XBI both up over 1%. TSY yields down and dollar down. UNH up 1.48%, Junior metals are hot with gold and silver. Crypto spat rattles markets. Amgen (AMGN) leads the way up over 5% to $290 level a record high. New clinical dat...
Can Biotech Stocks Continue Rallying in this Bear Market?…Update-2
Update 2..-11/3...Powell curbs enthusiasm for stocks with harsh rhetoric. Get whipsawed? We get it, rates are going up Recent trades: bought HOLX, sold MRNA, bought more IHI. Biotech movers: BMY up 1.39%, LLY up 1.96%, ROIV up 6.655, VCYT up 24.25%. Veracyte grows revenue 25% to $75.6M. IBB...
Away from the Macro As Healthcare Stocks Outperform in the Bear Market…Update-1 rally!
Update-1 10/28... Broad rally after Megacaps sell-off -AMZN, META and MSFT. it almost look like the BIG tech money got spread around to energy, financials, and healthcare. In the meantime the DOW is up 5.69% for the week and 10.73% for the month led by AAPL soaring today.Biotech innovation is...
Steady As She Goes With Healthcare Stocks…Update-2
Update-2 10/21 ... Market up on softer FED perception, who knows? But if treasury yields go down stocks usually go up. A strong biotech tape today with many movers. Added to life science positions in ILMN,MRNA (upgraded by SVB from Underperform to Market perform). XBI up 1.6% to $77 still...
Choppy Days Lie Ahead So Why Fight the FED?…Update 5
OCT 14...United Health (UNH) up 1% on beat and earnings outlook. UNH is one of our top picks in healthcare. OCT 13....Core US Inflation hits a 40 yr high with CPI up 6.6% climbing 0.6% for the second month,Shelter. food and medical care were all major factors in rise. Services are a big...