Seymour warned that the fund sat in “overbought territory,” saying that it might soon pull back. Trader Brian Kelly agreed, adding that investors might want to take profits on biotech names next week.Some biotech names may not have exhausted their momentum, trader Guy Adami said. He believes that Celgene could move even higher, adding that Gilead and Amgen may have […]
Trading Nation: How hot can biotech get?
David Seaburg, Cowen & Co., and Ari Wald, Oppenheimer, join “Power Lunch” to discuss the biotech rally.
Biotech stocks have been on fire. The industry has risen 40 percent in the past year, and added 2.3 percent on Friday alone. This after drug giant Biogen reported positive results for a new Alzheimer’s drug, leading its […]
Wall St. rises on Nike, lower dollar; Nasdaq hits 15-year highBy Caroline ValetkevitchFri Mar 20, 2015 6:48pm EDT
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A morning commuter carries an umbrella as she passes by the New York Stock Exchange during a winter storm in New York February 2, 2015.Credit: Reuters/Brendan McDermidStocks snap 3-week losing streak5:58pm EDT n”>(Reuters) – U.S. stocks rose on Friday, pushing the Nasdaq […]
Trading Nation: How hot can biotech get?
David Seaburg, Cowen & Co., and Ari Wald, Oppenheimer, join “Power Lunch” to discuss the biotech rally.
Biotech stocks have been on fire. The industry has risen 40 percent in the past year, and added 2.3 percent on Friday alone. This after drug giant Biogen reported positive results for a new Alzheimer’s drug, leading its […]
Recent sharp gains in the U.S. dollar <.DXY> have increased worries about the currency’s impact on the earnings of U.S. multinationals. S&P 500 earnings projections for the first quarter and for 2015 have fallen sharply since Jan. 1.Among early reporters, Nike (>> Nike Inc) jumped 3.7 percent to $101.98 as the biggest boost to the Dow after it posted a […]
The stock has even more upside from where it was trading Friday, around $475 per share, Yaron Werber, senior biotech analyst at Citi Investment Research, told “Power Lunch.” As the Alzheimer’s drug likely will not reach the market for years, it is important to Biogen’s long-term prospects, he said.When looking at valuations, investors need to consider that low interest rates […]
In a recent report, analysts at JMP Securities discussed five biotech names that are on their radar. Here’s a breakdown of what they had to say.
BIND Therapeutics Inc (NASDAQ: BIND)
BIND will be presenting three posters on its Accurin technology at the American Association of Cancer Research (AACR) meeting in Philadelphia in April.Although the Accurin data the company will be showcasing […]
Traders work on the floor of the New York Stock Exchange on March 20, 2015. AP Photo/Richard DrewU.S. stocks surged on Friday, lifting the Nasdaq Composite (COMP) to a 15-year high, as Wall Street embraced quarterly results from Nike (NKE) and others and the U.S. dollar softened against other global currencies.”The fact that the Nasdaq is above 5,000 from technical […]
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Biotech Stocks Soar Amid Positive News
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Biotech Has Surged Massively Since Warning From the Fed
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