Benchmarks finished in the red as decline in oil prices dragged down energy shares on Friday, offsetting positive consumer sentiment data. Moreover, dismal economic data from China also dented investor confidence. The S&P 500 and the Dow registered their biggest weekly losses since May 2012 and Sep 2011, respectively.For a look at the issues currently facing the markets, make sure […]
Source: MercK & Co.,Just when it looked as though the stock market couldn’t possibly finish the year higher, after its swoon in October, it proved the naysayers wrong. As of this writing, the S&P 500 has risen by 11% for the year, a tad bit higher than the stock markets’ historic annual return.But if you think that’s a solid return, […]
View gallery.A recent report by Morgan Stanley predicts a greater than 40 percent growth in the Hepatitis C (HCV) market in 2015. Projections indicate that the HCV market could be worth $15 billion in upcoming years, with two-thirds of treatment occurring in the United States.
HCV Forerunners Gilead And AbbVie
Morgan Stanley projects that Gilead Sciences, Inc.’s (NASDAQ: GILD) Harvoni and Sovaldi […]
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3 Ways to Play the Bounce in Biotech Stocks (MRK, GILD, PTCT …
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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 […]
Friendly Reminder from Blain: Tonight I will be streaming live from 9:30 PM – 11:00 PM EST on http://ticker.tv/stockjunkie. Will be going through several hundred charts, running some screens, and talking about the market. I will also be streaming tomorrow morning from 8:30 AM – 10:00 AM. Join me!Indexes in the U.S. opened down as big selloffs in […]
Books are one of many great resources that can teach you how to trade in the stock market. But let’s be honest, they may not be the best option, what with the introduction of the internet and instant access to blogs, forums and other communities. Books have kind of taken a back seat when it comes to teaching how to […]
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 […]
U.S. stocks were little changed on Monday, as investors weighed the strength of the U.S. economy against global growth concerns following soft data out of China and Japan, while biotechs rose on merger activity.Major indexes opened slightly lower after data showed China’s exports grew at a slower-than-expected pace and imports dropped 6.7 percent in November, while Japan’s economy shrank more […]
Benchmarks settled in the green on Friday boosted by upbeat jobs data. The S&P 500 reached its 49th record high this year and the Dow registered the same for the 34th time this year. The S&P 500 and the Dow also registered their seventh successive week of gains. However, the Nasdaq ended in the red for the week.For a look […]
