Benchmarks snapped two-day losses to end in the green on Thursday as mixed economic data reduced fears about sooner-than-expected rate hike. Moreover, mixed economic data put the brakes on dollar rally yesterday. Meanwhile, financial stocks posted solid gains after Fed’s stress tests. However, decline in energy shares following oil price slump limited some of yesterday’s gains. The Dow and S&P […]
Markets rebounded on Friday to register solid gains as Eurozone’s officials approved a four-month extension to Greece’s bailout program. However, another decline in oil prices weighed on energy shares, which in turn eroded some gains. The Dow finished at a record high for the first time this year, while S&P 500 hit the same for the third time. Meanwhile, the […]
Transportation is a growing sector and one that has seen a strong performance as of late. As a matter of fact, iShares Transportation Average ETF under the ticker (IYT – ETF report) has soared almost 30% in the last 52 weeks.While this is certainly a strong performance, let’s narrow it down and focus on some of the most undervalued companies […]
The biotech sector has started 2015 with the announcement of several deals. Both Kite Pharma (KITE – Snapshot Report) and Isis Pharmaceuticals (ISIS – Analyst Report) saw their share prices increasing on collaboration agreements with major companies. Meanwhile, Alkermes (ALKS – Analyst Report) has also started the year on a positive note with encouraging pipeline data.Recap of the Week’s Most […]
With the holiday season coming up, it’s been a relatively quiet week for the biotech sector with very few pipeline and regulatory updates. However, companies like Sophiris (SPHS – Snapshot Report) and Cyclacel saw their shares plunging on disappointing pipeline updates.Recap of the Week’s Most Important Stories1. Sophiris faced a major pipeline setback following an interim analysis of an ongoing […]
Low-cost airline Virgin America made an impressive debut on Nasdaq under the symbol ‘VA,’ riding on the favorable conditions prevailing in the U.S. aviation sector. Shares of the company jumped 30.43% ($7) to close at $30 on Nov 14. The company, partly owned by British billionaire investor Richard Branson, raised $307 million through the offering. Virgin America plans to use […]
Benchmarks ended mostly in the negative territory on Wednesday after a drop in Apple shares weighed on the broader markets. A possibility of a cease-fire between Ukraine and Russia had initially lifted the markets. Meanwhile, investors were reluctant to bet big bucks ahead of the European Central Bank’s monthly policy meeting on Thursday.For a look at the issues currently facing […]
Markets ended in the red and the S&P fell below the record 2k mark as concerns about Russia-Ukraine tension overshadowed encouraging U.S. economic data. Dismal inflation rate data from Eurozone also dragged down the benchmarks.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe Dow Jones Industrial Average (DJI) declined […]
Benchmarks ended a listless trading session nearly flat following mixed earnings reports. Investors were reluctant to bet big bucks on a day devoid of any major economic data or news. The S&P 500 was able to end above the 2K mark, but the index witnessed its lowest intra-day trading range, swinging by only 4.54 points.For a look at the issues […]
Benchmarks ended in the green as gains in biotech stocks offset discouraging retail sales numbers. Disappointing retail sales also negated concerns about a sooner-than-expected interest rate hike. Healthcare and technology stocks helped the S&P to hit a two-week high. However, disappointing earnings from Macy’s eroded some of yesterday’s gains.For a look at the issues currently facing the markets, make sure […]
