Broad Market Rally But Biotech Stocks Get Left Behind…Update-1 JNJ leads the way
Update-1 ...10/21Abbott (ABT) stock soars 7 points since earnings beat.Guidance raised. Update-1 10/19 ...Healthcare Stocks Get a Lift from JNJ up 2.34% to $163 handle on an earnings beat with raised guidance.Is the JNJ vaccine the comeback kid because of mix and match potential with RNA...
Biotech Stocks Are Lagging, Time to Rebalance Your Healthcare Portfolio? Update-3
Update-3 10/15/21 10/15/21...9/20a Broad rally carries biotech stocks off recent bottom with IBB to $155 to $157.87...XBI up 1.67% to $127.10. But technology shares gave been stronger. Retail sales rise 0.7% despite supply chain issues. Pre-market looks good with futures up. Earnings...
A Pivotal Month for Biotech Stocks After a Sell-Off Week…Update-2
Update-2 10/7/21...Nice broad rally day with temporary relief from the political spat on the debt ceiling. All of our mid-cap focus stocks were up: CRSP CYRX PACB QDEL and VCYT. We need to get confirmation of bottom on small/mid caps in life science stocks with XBI now at $123.91. Quidel...
Biotech Playbook Revisited As Technicals Weaken…Update-3
Update-3 10/1 10:35a ...Merck Oral COVID Drug disrupts markets.MRK up 9% vaccine stocks down. IBB down 3.2% to $156 handle. Update-3 (continued at 10/1 close) Merck oral COVID drug leads rally with all major Indices up, Dow Up 1.43%, S&P 500 up 1.15%, NAZ up 0.82%. A sense of optimism about...
Biotech and Healthcare Portfolio 2021 as of 9/17…Update-3
Update 3...IBB teetering along SEP Support of $170: 9/24..A lot of red today XBI down 2%. Large caps down as well. BNTX down over 5%. Update-2 Another good day for life science stocks. Still expecting a Q4 biotech bounce in small/mid-cap stocks. FED Meeting supports bullish outlook on the...