Biotech Sector Watch: Week Ending 1/25/20 After JPMorgan Conference…Update-1/30 sell-off on coronavirus fears
Update-2 1/30 a Mid-day trading- Bearish pattern emerging Many of our indicators have turned bearish: XBI down 1.8% under $90, red screen in mid-caps, large caps at lows for the day, IWM at day lows etc. Fears about coronavirus causing buyers strike? Risk-off, even positive earnings...
Medtech: Stocks To Watch- Are you diversified in healthcare stocks? Update-1
Update-1 Jan. 23 With IHI down 0.86% but most medical device stocks are near one year highs. Notable movers up today: Interactive Surgical (ISRG) up 0.78% on earnings report, iRhythm Technologies (IRTC) up 3.69 % to $89.27, Teledoc (TDOC) up 1.36% to $102.80. ==========================...
Biotech Investing Strategy for 2020: Part I…Update-1 Jan 24
Update-1 We remain on hold for taking on new positions. Biotech and healthcare stocks have made nice gains so let’s get through the earnings cycle. Markets are jittery despite rush to new highs at opening, S&P 500 down 0.82%, as of mid-day trading over coronavirus concerns in China...
JPM 2020 #3 : Biotechs Sustain Gains for the Week-Trading Up Today…Update-1. Momentum is easing
Momentum is Easing in Biotech -Is the JPMorgan rally Over? We need to see which stocks hold up when momentum decelerates. it has been a good run for the week but not too frothy.We are “content challenged” in that we sat through three days of interesting and informative investment...
JPM 2020 Notes #2: Investors Catch the Buzz of Life Science Innovation
JPM Notes #2 : Investors buy into Life science innovation After a lackluster day Monday the tape for JPM life science sector stocks picked up with a decent rally. Major ETFs reversed the trend from yesterday with the IBB up 1.64% and the XBI up 2.94% despite NASDAQ being down 0.24%. It was a...