Sector Detector: Finally, market capitulation gives bulls a real test of conviction, plus perhaps a buying opportunity

The dark veil around China is creating a little too much uncertainty for investors, with the usual fear mongers piling on and sending the vast buy-the-dip crowd running for the sidelines until the smoke clears. Furthermore, Sabrient’s fundamentals-based SectorCast rankings have been flashing near-term defensive signals. The end result is a long overdue capitulation event that has left no market […]

Stock Market News for June 23, 2015 – Zacks Investment Research

Hopes of Greece and its creditors reaching a deal later this week helped benchmarks end higher on Monday. Greece has submitted new fiscal proposals to avert a default. Separately, the Nasdaq closed at an all-time high lifted by gains in biotech stocks.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street […]

Stock Market News for June 16, 2015 – Zacks Investment Research

Setback in bailout talks between Greece and its creditors over the weekend continued to negatively impact benchmarks on Tuesday. The lack of progress in Greek debt talks raised fears among investors of a possible default by Greece and the country’s exit from the Eurozone. Meanwhile, manufacturing activity worsened slightly for New York manufacturers and decline in U.S. industrial production in […]

Stock Market News for June 04, 2015 – June 4, 2015 –

Benchmarks ended with modest gains on Wednesday, banking on positive economic reports and hopes of an imminent deal between Greece and its creditors. While private sector hiring picked up in May, trade deficit narrowed last month. European Central Bank’s commitment toward its bond buying program also lifted investor sentiment.For a look at the issues currently facing the markets, make sure […]

Stock Market News for June 03, 2015 – June 3, 2015 –

Benchmarks ended slightly lower after a slump in utility stocks offset rise in energy shares. While high-dividend utility stocks took a beating due to rise in bond yields, energy shares gained as weaker dollar pushed oil prices higher. The euro strengthened against the dollar on upbeat Eurozone inflation data. Moreover, encouraging news on Greece’s debt crisis boosted the single currency.For […]

Stock Market News for April 14, 2015 – Zacks Investment Research

Benchmarks ended Monday’s trading session in the red as investors feared a stronger dollar and weaker oil prices may affect first quarter earnings results. Investors were also apprehensive about the timing of the Federal Reserve’s decision to hike federal funds rates.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe […]

Biotech bubble may just be an optical illusion

Biotech bubble may just be an optical illusion
By iCELL News on March 27, 2015 · Sector
SAN FRANCISCO (MarketWatch)—The stellar performance of biotechnology stocks in the past few years has predictably sparked fears of an impending crash. But for all the talk of a bubble, biotechs are far from being overbought, according to analysts at Credit Suisse.“There are optics suggesting that […]

ETF Investing: There may be more pain ahead for biotech stocks

NEW YORK (MarketWatch)—Many market watchers warned Monday about biotech stocks, and the big beatdown came Wednesday.Should you buy biotech on the dip? Some market watchers suggest holding off.Within the largest biotech ETF, less than half of the stocks are trading above their 50-day average, down from more than 80% in the past week, said Sundial Capital Research in a note […]

Stock Market News for March 26, 2015 – Zacks Investment Research

Slump in biotech and technology stocks sent benchmarks to negative territory for third straight sessions on Wednesday. These sectors witnessed intense selling pressure as investors remained concerned that strength in the U.S. dollar will negatively impact earnings growth in upcoming quarters. However, the dollar weakened yesterday against major currencies following release of dismal durable orders data. The Nasdaq witnessed its […]

This year's sell off in biotech stocks is starting to … – Business Insider

Myles Udland

Mar. 25, 2015, 2:55 PM
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 […]