Wait– is that the sound of that famous biotech bubble finally popping?Can’t say, dude. But biotechs are definitely losing steam these days, and the worst could be yet to come. Today, I’ll show you exactly what to do about it…We took profits on our big biotech trade earlier this month, booking double-digit gains on Biotech iShares (NASDAQ:IBB). IBB thundered nearly […]
ARE BIOTECH STOCKS IN A BUBBLE?ARE BIOTECH STOCKS IN A BUBBLE?This is a question that is being asked. According to an article by Bloomberg (Biotech Index in Nosebleed Territory – Up 500% In 4-years, Trades At 10X Revenues – Bloomberg Business, March 8, 2015) the 269 Biotech companies that are listed on the NASDAQ are up more than 500% […]
View All3 Best-of-Breed Small Caps: Biotech Stocks to BuyNo one can deny the performance of biotech and biopharma stocks over the last six months as they have outperformed the entire market. The sector has done so well that it has brought back that dreaded word that everyone has feared in this sector since 2000: “bubble.”Source: ©iStock.com/AlexRathsHowever, it’s shortsighted to look at […]
Akin Oyedele
Mar. 27, 2015, 8:54 AM
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Wikimedia CommonsCredit Suisse analysts say biotechs are not in a bubble.Still, in a note Friday, the firm presents evidence for the industry being in in a bubble, and other evidence that it definitely isn’t.The signs that there’s a bubble, they wrote, are that the NYSE Biotech Index has gained 204% versus 64% for the S&P 500 since […]
Akin Oyedele
Mar. 23, 2015, 2:21 PM
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Biotech stocks are on fire.That’s given some analysts flashbacks of 2000, when tech valuations were red hot, but it didn’t end well because they crashed.Michael Batnick over at The Irrelevant Investor posted this chart Monday that compares the rally in tech stocks then to biotechs in recent years.He describes the biotech rally:”In the 168 weeks since […]
