Ishares Nasdaq Biotechnology Index (IBB) has been on a tear in the last year, outperforming the NASDAQ and S&P 500 by multiples greater than 3x and 6x, respectively. This rapid appreciation has spurted chatter of a bubble forming in the biotech sector. Even US leaders have expressed a difference of opinion. Yellen, for example, stated back in July 2014 that the biotech industry […]
Flickr/IstolethetvChinese markets have fallen by around 30% in three weeks.China’s stock markets are in turmoil right now, with the benchmark Shanghai Composite collapsing 29% in just the last 3 weeks.The collapse closely mirrors the Wall Street Crash in the US in 1929 and the Chinese government has been desperately scrambling to try and stop the fall. The People’s Bank of China […]
Stocks Peak in 2000The chart below shows the 2000 peaking process in the NASDAQ. The index made a lower high, a lower low, and then dropped below the 50-day moving average shown in blue.Stocks Peak In 2007The chart below shows the 2007 peaking process in the NASDAQ. The index made a lower high, a lower low, and then dropped below […]
Akin Oyedele
Jun. 18, 2015, 12:33 PM
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ZaldyImg/FlickrBiotech stocks are having a massive Thursday.The iShares Nasdaq Biotechnology ETF rallied more than 3% on Thursday to a new all-time high.The ETF, which tracks stocks in the industry, has seen two big plunges this year, including a 10% correction in April.Despite these zigzags, the trend is up, and the industry has rallied with other […]
Akin Oyedele
Jun. 15, 2015, 10:47 AM
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Flickr user markusramNot yet.The biggest threat to stock probably isn’t what you think.People who think the Federal Reserve’s asset purchases drove the rally in stocks are dreading higher interest rates.They argue that higher rates will derail the rally by increasing the cost of borrowing and putting pressure on company’s earnings.But analysts at Bank of America […]
View All4 Biotech Stocks Poised to Jump 15%It’s been something of a lackluster week for the broad market — but biotech has really shined.Source: FlickrWhile the S&P 500 was up just 1.3% as of Wednesday afternoon, biotechs as a group outperformed, gaining nearly 2.5%.7 Small-Cap Healthcare Stocks Set to Soar
This sector is famous for being a volatile one, so timing […]
It turns out Wall Street investors like those homespun crafts. Etsy, the online marketplace for handmade goods, went public today. Shares opened at $31 on the NASDAQ, popping up 94 percent from the initial set price of $16 per share. The company closed its first day of trading at $30 per share, an 86% percent rise from its initial price.The company raised over $287 million by […]
View gallery.(Flickr/Gonzalo Iza)Biotech investors have been here before.
Stocks are lower on Wednesday and the high-flying biotech sector is leading the way down, with the iShares ETF that tracks the sector falling more than 3%. And as the sector has weakened over the last several days, this sell off is starting to look at lot like the sell off we saw in […]
Myles Udland
Mar. 25, 2015, 2:55 PM
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Flickr/Gonzalo IzaBiotech investors have been here before.Stocks are lower on Wednesday and the high-flying biotech sector is leading the way down, with the iShares ETF that tracks the sector falling more than 3%. And as the sector has weakened over the last several days, this sell off is starting to look at lot like the sell […]
The biotech sector has been on a roll lately. The SPDR S&P Biotech ETF ; ;has more than tripled since the start of 2012, compared to “just” a 63% increase in the S&P 500 .Source: Jeff Kubina via Flickr .Are we in a bubble that’s about to pop? We’ll only know for sure if (when?) the sector pulls back.In the […]
