GILD Stock Continues Recovery From Monday’s FallGilead Sciences, Inc. (NASDAQ: GILD)GILD stocks fell hard Monday; losing more than two percent as the company issued a warning to doctors treating their patients with Sovaldi in combination with antiarrhythmics. However, the slide stopped and the stock started to move in the positive direction. Today, it seems as though the stock is staying […]
Improved consumer-price index failed to cheer markets as the benchmarks settled in the red for the second consecutive day. While utilities sector dragged benchmarks lower, strong housing numbers could only boost the housing stocks. Benchmarks had gained momentarily, but they gave up all their initial gains after the dollar started moving higher against the euro. Tuesday also marked the second […]
Markets ended its choppy session in the red yesterday as fluctuations in the value of the U.S. dollar weighed on investor sentiment. Benchmarks witnessed their third lowest trading volume this year on Monday. Meanwhile, weaker dollar boosted oil prices on Monday, which in turn had a negative impact on the transportation stocks. Moreover, decline in biotech stocks dragged down the […]
Benchmarks ended in the green on Friday as weaker dollar and encouraging earnings results from Nike boosted investor sentiment. Weaker dollar had a positive impact on oil prices, which in turn helped energy shares move up. The Nasdaq reached a 15-year high and finished above 5k mark on Friday. Moreover, the S&P 500 registered weekly gains for the first time […]
Benchmarks finished mostly lower on Thursday after stronger US dollar adversely affected oil and other commodity prices, dragging down energy and material stocks. The U.S dollar rebounded on Thursday after a sharp decline on Wednesday. While the S&P 500 and the Dow ended in negative territory, gains among bio-tech stocks and Facebook helped the Nasdaq close in the green.For a […]
Related BIIBStifel Downgrades Biogen Amid Concerns Of Lack Of Upcoming Data, OvervaluationBenzinga’s Top #PreMarket LosersIs Biogen Stock Worth Considering Right Now?(Seeking Alpha)Related GILDGilead Shares Tumble On Drug Warning; Baird Says BuyBenzinga’s Top #PreMarket LosersSeeking Alpha’s Biotech Weekly: Biogen’s Plaque Attack, Amgen Or Gilead?, And More(Seeking Alpha)A number of biotech stocks were soaring in Friday’s premarket following positive news.Biogen Idec Inc […]
A pause in the dollar rally helped benchmarks start the week on a positive note. The U.S. dollar weakened ahead of the Federal Open Market Committee’s meeting that is scheduled this week. Rally in international markets also boosted investor sentiment. Separately, gains among bio-tech stocks boosted the Nasdaq. Meanwhile, discouraging reports on manufacturing and housing failed to dent investor confidence.For […]
Markets extended Tuesday’s losses to end in negative territory yesterday as investors remained concerned about the possibility of a mid-year interest rate hike. Moreover, U.S. dollar continued to gain strength against euro and its other rivals. While, the S&P 500 and Dow finished at their lowest level since Feb 2, the Nasdaq declined to its lowest level since Feb 11.For […]
When the market gets a little sketchy, investors might tend to prefer the “blue chip” companies vs. the smaller companies due to the perceived safety in the bigger names.To isolate those bigger names, the most common method is by searching for companies with the largest market capitalization.Market cap is defined as the total dollar market value of all of a […]
Benchmarks suffered huge losses on Tuesday as rate hike fears strengthened the U.S. dollar to a multi-year high against major currencies including the euro. Last week’s strong U.S. job numbers injected fears among investors that the Fed may raise interest rate sooner-than-expected. Moreover, stronger dollar had a negative impact on oil prices yesterday. The blue-chip index witnessed its biggest one-day […]
