Archive for June, 2012

Pharmacyclics Outperformed Other Biotechs In June With A 74% Gain

June 30, 2012

June was a great month for health stocks – and biotechs in particular – with seven stocks gaining more than 40% over the month. The biggest winner was Pharmacyclics, which rose 74% on the prospects for its ibrutinib treatment for chronic lymphocytic leukemia. According to Needham analyst Alan Carr, CLL patients [...]

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Equity Breifing: Obagi Medical on Buy-Out Watch, Lexicon & Synta Moving Early

June 29, 2012

Mid-Day Healthcare Stocks Review:Obagi Medical Products, Inc. (NASDAQ: OMPI) Shares up and rising $14.94 Up 0.66 (+4.61%) on unusual volume after buy-out rumors continue to keep this stock on watch. Speculators …

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Disk-Drive Stocks Sag As Hutchinson Warns On Weak Demand

June 28, 2012

Disk-drive stocks are trading lower early Thursday after tiny Hutchinson Technology last night issued an ominous warning on June quarter results. Hutchinson makes suspension assemblies used in disk-drives. The company said it shipped 100 million of them in the fiscal Q3 ended June 24, up from 96.9 million one quarter earlier, [...]

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Seagate Added To S&P 500 Stock Index; Shrs Rally

June 26, 2012

Seagate shares are trading higher Tuesday morning after Standard & Poor’s late yesterday announced that the disk-drive maker’s shares have been added to the S&P 500 stock index. The company replaces Progress Energy, which is being acquired by Duke Energy. When stocks are added to the index, it forces index funds [...]

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Daily Wrap: 6/25/2012

June 25, 2012

Stocks closed considerably lower after a resignation from Greece’s finance minister exacerbated the situation there. Spain’s official request to help its sinking system sent stocks down worldwide. At the market close, the Dow was down over 1%, the S&P 500 fell more than 1-1/2% and the Nasdaq was down nearly [...]

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Daily ETF Roundup: PBW Jumps On U.S. Rally, VXX Heads South

June 22, 2012

After a whirlwind of a week, U.S. equities ended in positive territory today, rebounding after yesterday’s severe sell off, but fell short of cinching a gain on the week. Ironically, bank stocks led markets …

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Mid Day Roundup: Stocks Drift Sideways After Bank Downgrades

June 22, 2012

After a volatile day of trading, U.S. stocks managed to bounce back from yesterday’s steep sell off as several long-anticipated global bank downgrades surprisingly led financials higher. Obviously the …

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Daily Wrap: 6/20/2012

June 20, 2012

The markets were flat earlier today ahead of the Federal Reserve policy decision, and stocks bounced back and forth between gains and losses after the announcement from the Fed to extend its asset purchase program Operation Twist. Financials gained after the announcement, led by JP Morgan Chase (JPM) which [...]

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Leveraged Dividend ETFs: Too Good To Be True?

June 20, 2012

Investor interest in dividend-paying stocks has generally surged over the past two years, as the combination of climbing volatility and record low interest rates has sent investors flocking towards equities …

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J.C. Penney Jolted, JPMorgan Banks A Gain As Markets Look To Bernanke

June 19, 2012

Stocks rally into Fed meeting, will lack of more action disappoint?

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