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 […]
CNBC: March 17, 2015A Hidden Bear Market In the Dow Threatens All Stocks“A third of the members of the blue chip barometer have hit new 52-week lows this year. By no coincidence, the Dow briefly turned negative for 2015 Tuesday.”% of Dow stocks above 200 day moving averageAnd LumberZH: March 17th, 2015: Housing Starts at 18 Month Lows. Biggest drop […]
ECB’s Greek ploy grabs Gartman’s attention
Discussing how earnings; Europe and oil impacted today’s trade, with Dennis Gartman of the Gartman Letter; CNBC contributor Herb Greenberg and CNBC’s Jeff Cox.
The rocky market action of the past week or so has prompted noted investor Dennis Gartman to issue a warning to his fellow investors: Be careful.”Use puts, use positions to defend yourself. […]
Market dilemma: Accurate government data
Discussing today’s weak retail sales data and Obamacare’s impact on the overall economy, with Kim Caughey Forrest, Fort Pitt Capital Group; Keith Fitz-Gerald, Money Map Press; Kenny Polcari, O’Neil Securities; and CNBC’s Steve Liesman.
Investors are getting hit from all sides — the World Bank cut its global growth forecast, oil and other commodities are under more […]
Thinking about buying into biotech ahead of the JPMorgan Health Care Conference? History says the best play is to buy the day before the meeting starts and hold until the end.The JPMorgan conference, from Monday to Thursday, is the health industry’s biggest annual event, setting the agenda for the year. Sentiment out of the conference can dominate the first half […]
Updated 12/15/14 at 2:54 p.m.(CNBC) — The story about a high school student making outrageous amounts of money playing stocks has apparently been over-exaggerated.17-year-old, Mohammed Islam says that he does not know where the reported number came from, but claims that it is inaccurate.Islam says the actual number is still believed to be in the millions, but he declined to say […]
Updated 12/15/14 at 2:54 p.m.(CNBC) — The story about a high school student making outrageous amounts of money playing stocks has apparently been over-exaggerated.17-year-old, Mohammed Islam says that he does not know where the reported number came from, but claims that it is inaccurate.Islam says the actual number is still believed to be in the millions, but he declined to say […]
While biotech stocks saw an early selloff Friday, the shares of three companies in the sector have plenty of potential left, John Schroer of Allianz Global Investors said on CNBC.Biogen Idec is his top pick.”Leading company in the [multiple sclerosis] space. They have some very strong earnings growth, 20 to 25 percent earnings growth over the next three years. And […]
Apple Inc. (NASDAQ:AAPL) crossed the $100 (split adjusted) mark recently and now trades comfortably above it. A lot of people had their eyes set on Apple Inc. (NASDAQ:AAPL) crossing the $100 mark, now that the stock has done so, should one book profit, buy more or continues to hold their positions? That was the topic of discussion between the FMHR traders […]
Not panic, just repositioning: Pro
Discussing Friday’s jobs data, and potential Fed action, with Suni Harford, Citigroup, and CNBC’s Steve Liesman.
Stocks—already seeing their worst week this year—could see a continued selloff in the coming days, O’Neil Securities Director Kenny Polcari said Friday.For the S&P 500, “1,910 is going to be the 100-day moving average. That’s going to be where at least […]
