Prior to Amgen’s (AMGN) Q3 earnings last week we detailed a stock alternative trade idea for existing longs or for those considering a new long in an effort to mitigate risk into a potentially volatile event. AMGN’s …
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Event: Amgen (AMGN) reports Q3 results tonight after the close. The options market is implying about a 4% one day move tomorrow, which is rich the 4qtr average of about 2.75%.
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With Dan out for a few days on vacation, I will be filling in here a little. And I wanted to work through some thoughts about the underlying state of today’s market landscape after a 6 …
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We discussed the strength in large-cap technology in today’s MorningWord: Interestingly, tech has been the strongest sector among the mega cap stocks reporting earnings so far, while industrials and consumer staples stalwarts have struggled after their …
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Biotechs were a leading sub sector in 2013, and have attracted a lot of attention to start 2014 as a result. In mid-January I highlighted the charts of the “Big Four of Biotech” in a …
Continue readingBiotech has been the leader to start 2014, with ICPT the poster boy for the sector after its 280% advance on Thursday (though down more than 30% today). I wanted to take a quick look …
Continue readingAmgen was one of my favorite large cap stocks early in 2013. For a brief recap of the fundamentals, here is what I wrote about the company in an early March Name That Trade post: …
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MorningWord 8/28/13: This morning in his MacroWrap, Enis highlighted the faltering leadership from the Financial sector, but specifically he noted, “The break of this uptrend of out-performance is concerning as the market searches for …
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While there has been a rotation from defensives to cyclicals in the past month, health care is still the best performing sector in the U.S. market this year (up about 22% when measured by XLV). …
Continue readingThe health care sector has been on fire in 2013. But within health care, biotech stocks have been absolutely blazing. The Biotech sector is a leader on the upside once again today. AMGN, BIIB, CELG, …
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