May 20, 2018

BIIB helps XLV finish up over 26% YTD

Index & Sector performance 12/2/14

The Market:

It was a solid session following Monday’s drop with the Russell 2000 (IWM) clearly leading and with advancers leading decliners by roughly 2:1.

In Individual sectors it was Transportation (IYT) leading up 1.18% followed closely by Energy (XLE), which is still trying to recover from Friday’s big gap down, up 1.16%, and lastly HealthCare (XLV) which finished 1.12% higher and is now up over 26% year-to-date.  Helping the XLV today was Biogen Idec (BIIB) which gained 6.43% on positive results from an early-stage Alzheimer’s drug trial.  BIIB is a name to watch.  Above $280 the stock is set-up for higher.

Lots of Economic data this week but today was on the lighter side.  What was released beat expectations as Construction spending was up 1.1% and Total Vehicles Sales topped estimates coming in at 17.2M.  Tomorrow ADP Non-farm Employment numbers are released along with ISM after the open and Fed speak later in the afternoon.

 

Economic Data week of 12/1/14

 

Reporting EPS 12/3/14 Pre-Market:

Companies reporting EPS 12/3/14 pre-market


Analyst Comments:

Upgrades 12/2/14

Downgrades 12/2/14

Initiations 12/2/14

Price Target Changes 12/2/14

Comments are closed.