How Bad Was The Biotech Selloff Last Week?…Updates-2/6
Updates-2... 2/6/18 Biotechs Down With Overall Market Over 5 Days Closing Prices as of 2/6/18 XBI up 3% at $91.05 down 5.34% over 5 days IBB up 2% at $109.36 down 7.35% over 5 days QQQ up 2.65% at $162.31 down 5.04% over 5 days By now you have read about all the possible reasons why the market...
What’s Next After Profit Taking Hits Biotech and Drug Stocks?
Profit Taking Hits Biotech Stocks Disruption Coming to Healthcare? Another Round of Sector Rotation? The biotech sector hit a wall after breaking through to new highs last week. The major news that sparked profit taking on Tuesday was that Amazon, Berkshire Hathaway and J.P.Morgan formed a...
West Coast Weather Update: LaNina Hell Comes to California…Update-1/28
Update-2 Weather.com Confirms Warm Dry Outlook for February Finally recognition of drought conditions. Look for changes in five days or State needs to announce conservation measures. Update-1 Monday 1/29 Skied Mammoth today and snow conditions were OK. Plenty of cover and fast snow. They did a...
Abbvie Earnings Drive Biotech Stocks Higher With Large Caps Dominant…Update- 1/30
Update-1 10:40am EST, NASDAQ off 0.75%, S&P 500 off 0.82% Caution in biotech and healthcare stocks with disruptive announcement from J.P.Morgan, Amazon and Berkshire Hathaway with XLV down 2%. The three companies announced Tuesday that they would form an independent healthcare company to...
Biotech is Hot Sparked By Biotech M&A Deals for Juno and Bioverativ…Update-1
Update-1 Jan 23, 2018... Biotech Breakout Rally Continues The biotech rally cruised on to the second day with the smaller cap, equal weighted XBI moving up 2% to $95.82 a 12 month high. The large cap weighted IBB followed up 1.12% to $116.81 also a 12 month high. The media especially CNBC...