Biotech Stock Playbook in a Choppy Momentum Market…Update-3… Broad Sell-Off
Update-3 10/6…Apparently a Momentum Market needs constant feeding. Politics are in the forefront. And the COIVID pandemic lingers. Small caps did better IWM down only 0.25%, IJR flat. Large cap biotech was not a place to hide either. Coronavirus winners today : BNTX, CVAC, GNMK, INO,...
You Want to Trade Coronavirus Stocks: Volatility is Still Too High… Update -3 Rally!
Update-3…2:20p Coronavirus Stocks on the Move-Rally Time for Traders In typical fashion in a momentum market when NASDAQ rallies biotech moves up.Big movers today (see chart below) are: pure play vaccine stocks BNTX, INO, MRNA, NVAX and Dx is strong as well OSUR, QDEL. VIR is up 9.79%!...
It’s Deal Time in Biotech with Gilead Sciences $21B Acquisition of Immunomedics..COVID Testing boom!
Update-3 Coronavirus stocks are back led by testing boom and near term clinical news on CPOVID vaccine. Keep in mind it was a “triple witching” day.Here is a look-back to where we were with Coronavirus stocks on June 28. All pure play testing stocks are up big today on CDC and Gov...
Large Cap Biopharmaceutical Performance and Metrics 9/4 2020…Update-2 COVID Dx!
Update-2 Choppy Day but Investors coming Back to Healthcare and Biopharma. IBB and XLV up a tad. XBI flat. Rotation out of high flying tech into healthcare and industrials. Large caps winners : AMGN and GILD then AZN,RHHBY,MRK looking for large caps that have Dx and Vx plays. Coronavirus...
Biotech Stocks are Lagging, Position your portfolio for a Q4 Rally with the XBI. Update-2 Downdraft!
Update-2 Downdraft surprises investors-momentum shift ! We have been talking about this for weeks, How much higher can the FAANG names go? The momentum is unprecedented. Bifurcated market. Well today the sell-off was in full swing with broad damage across the screen.We will need another day or...