Biotech Stocks Sell-Off After Hitting New Highs Monday
NASDAQ at 4735 off 0.67%
Healthcare and life science stocks have been a safe haven from recent market headwinds but today risk is off across the board. Crude is down over 5% to $61 and this has raised concerns about global growth affecting other asset classes like financials and industrials.The Dow and S&P are […]
The Keystone Speculator™: Keystone’s December Seasonality Factors for Trading the Markets
Keystone’s December Seasonality Factors for Trading the MarketsThe turkey leftovers are long gone as the aroma of freshly baked Christmas cookies fills the air. The December winds are blowing now with less than four weeks of trading remaining in 2014. Markets are closed on Thursday, 12/25/14, for the Christmas holiday. […]
View photo.The biotech stocks are hitting fresh new highs to start the week after the announcement of yet another multi-billion dollar deal. Pharmaceutical giant Merck & Co., Inc. (NYSE: MRK) has agreed to purchase advanced antibiotic pharmaceutical company Cubist Pharmaceuticals Inc (NASDAQ: CBST) for $9.5 billion.The deal breaks down to Merck paying about $102 a share, a 37-percent premium from […]
View gallery.The S&P 500 and Dow Jones Industrials continue to march higher. At some point the party will end, but for now, new highs are a daily occurrence.Some of the best performing industries over this latest market tear have been airlines, metals and semiconductors.However, as has been the case for most of the year, biotechnology has also been one of […]
It was an impressive turnaround on Tuesday for the stock market as, after Monday’s drop, the short-term momentum appeared to be turning negative. Of course, to keep the positive “Mo” going, we need to see further gains Wednesday. A drop back below Monday’s lows will turn the focus back on the downside.The S&P futures are flat in early trading and […]
Benchmarks began December on a dismal note as discouraging domestic as well as overseas economic data dented investor sentiment on Monday. Moreover, decline in sales during Thanksgiving weekend also dragged down retail shares on Monday. However, rebound in oil prices boosted energy shares. The Nasdaq registered its biggest one-day decline in seven weeks and the S&P 500 witnessed the same […]
Ag Economy; Farm Bill; Budget; Immigration; Trade; Biotech; and, RegulationsCategories: Agricultural Economy /Budget /Farm Bill /Immigration /RegulationsAgricultural EconomyA news release yesterday from USDA’s National Agricultural Statistics Service (NASS) indicated that, “According to the November Crop Production report released today by [NASS], corn production is expected to reach 14.4 billion bushels this year, up 3 percent from 2013 [related graph]. Soybean production is […]
© AFP/File Philippe LopezAsian markets are mainly up after the majority of eurozone banks were given a clean bill of health by the European Central Bank, but China was hit by the postponement of a planned stock-trading connection between Hong Kong (shown here) and ShanghaiHong Kong (AFP) – Asian markets were mainly up Monday after the majority of eurozone banks […]
The S&P 500 closed at a record high and fellow benchmarks also ended in the green boosted by deal news. Possibility of stimulus measures in the Eurozone also lifted the benchmarks. The S&P crossed the 2000-point milestone for the first time, but failed to end above that mark. However, full day trading volume was the lowest this year.For a look […]
Stock Market Uncertainty Resolved With New HighStock-Markets / Stock Markets 2014Aug 25, 2014 – 07:22 PM GMTBy: Andre_GratianCurrent Position of the MarketSPX: Very Long-term trend – The very-long-term cycles are in their down phases, and if they make their lows when expected, there will be another steep decline into late 2014. However, the Fed policy of keeping interest rates low […]
