Eleven Biotherapeutics (EBIO – Snapshot Report) suffered a huge setback with its lead pipeline candidate failing in a late-stage study. Meanwhile, companies like bluebird (BLUE – Snapshot Report), Agios (AGIO – Snapshot Report) and Acceleron (XLRN – Snapshot Report) all got encouraging news on the regulatory front. Achillion (ACHN – Snapshot Report) struck a collaboration agreement with Johnson & Johnson […]
Benchmarks finished in negative territory on Wednesday on weak GDP report while Fed retained the data-dependent stance regarding rate hike. The U.S. economy expanded at a slower pace in the first quarter due to severe winter weather, major disputes in ports and stronger dollar that adversely affected export-oriented companies. Meanwhile, investors continued to keep an eye on first quarter earnings […]
China central bank governor’s indications about additional monetary stimulus and a slew of new deals in the healthcare sector helped benchmarks start the holiday shortened week on a positive note. China’s move to ease lending requirements for buying a second home also added to the bullish sentiment. While all 10 sectors of the S&P 500 ended in the green, 28 […]
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 […]
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 […]
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 […]
Benchmarks ended in the green yesterday following hopes that tensions between Russia and Ukraine would recede. Encouraging corporate news, ceasefire agreement in Gaza and subdued Chinese inflation data also boosted the markets.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) rose 0.1%, to close […]
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Big Data was one of the biggest buzz-words in the technology sector in 2013. The term refers to management of vast quantities of unstructured data, i.e. information available […]
Wikimedia CommonsChewing gum from France’s Haribo factory.Is the stock market a bubble?
Liz Ann Sonders doesn’t think so.”The growing cries that we’ve reached sentiment or valuation extreme worthy of past tops, or a bubble at its bursting point, seems a bit premature,” wrote Sonders recently.While there are warning signs for the economy and the markets, most signs actually suggest that fears […]
