This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.
Otherwise, enjoy the column!
Subscribe to the Monster Stock Market Commentary to get the Weekly Monster Market Commentary and join the 3,177 subscribers getting it for FREE!
Biotech Shares are surging higher again, despite broader market weakness, although shares of the NASDAQ Biotechnology ETF (IBB) and SPDR Select Biotech ETF (XBI) have given back some of their earlier gains.
Buying within the sector has been pretty broad with only 5 out of the top 25 stocks in the IBB and the XBI trading lower on the day.
Premium Video of Day:
The IBB is trading at its highest level since January of 2016.
(Interactive Brokers TWS)
AMD’s Stock: Its Speedy Game Chip Is No Sure Bet
Why These Biotech Stocks Are Gaining
Subscribe to the MCM Stock Market Commentary to get it weekly and join the 3,177 subscribers getting it for FREE!
Why John Paulson Can’t Rescue Valeant’s Stock
Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request the advisor will provide a list of all recommendation made during the past twelve months. Past performance is not indicative of future performance.