Gilead Sciences (NASDAQ: GILD) has been a favorite among biotech investors due to its successful hepatitis C therapies; Harvoni and Sovaldi. However, the biopharmaceutical company is making headlines again with a new drug for gastric cancer; GS-5745. GS-5745 is advancing into Phase III testing in the third quarter, prompting RBC Capital analyst Michael Yee to reiterate an Outperform…
Moving back home with your parents after graduation doesn’t have to be as demoralizing as today’s twenty-somethings think it is. If you set some clear ground rules, you could actually end up enjoying the experience. Check out this article to find out what steps to take to make the experience less painful. If you’re considering…
(Bloomberg) — Federal Reserve Vice Chairman Stanley Fischer said raising interest rates from near zero “likely will be warranted before the end of the year” and subsequent increases probably won’t be uniform or predictable.“A smooth path upward in the federal funds rate will almost certainly not be realized” as the economy will encounter shocks such…
With Wednesday’s FOMC data fully digested yesterday, today was the first of the four Quadruple Witching days of 2015, as the volume on the first two charts below illustrate. The S&P 500 rallied from the open, hitting its 1.18% intraday high in the early afternoon. It then drifted lower to its 0.90% closing gain, which puts the…
Laurence Kotlikoff, Professor of Economics at Boston University, appeared before Congress last month and called them out on phony accounting. He told Greg Hunter of USAWatchdog that despite his best attempts, he could not make senators see how the fiscal situation of the country is not as rosy as official numbers would have us believe….
Recap from February’s Picks Our Most Attractive Stocks (+1.5%) underperformed the S&P 500 (+2.0%) last month. Most Attractive Small Cap stock EZchip Semiconductor (EZCH) gained 11% and Most Attractive Large Cap stock Hasbro (HAS) was up 13%. Overall, 17 out of the 40 Most Attractive stocks outperformed the S&P 500 last month. On to March’s Picks…
The healthcare sector is one of the most desirable avenues for parking investments when markets are headed south. The demand for such services usually remains unchanged even during an economic downturn and investments in the sector provide sufficient protection to the capital invested. Several pharmaceutical companies also provide regular dividends, which can help mitigate losses…
After the 2008 financial crisis, hostile corporate takeovers fell out of favor. The high debt loads associated with them simply turned companies off. But after several years of the Fed’s zero-interest-rate policies and strengthening corporate balance sheets, investors are starting to see hostile activity ratchet up significantly. Now, once a company starts aggressively pursuing another,…
On Wednesday afternoon, just after the close of the market, the US Dollar, the world’s reserve currency flash crashed. This is how the WSJ described the move: In the latest episode Wednesday, a message from the U.S. Federal Reserve that it is in no hurry to raise interest rates caused a big slump in the dollar, which has run…
Gold and silver had a very positive day today, running up to their short term overhead resistance intraday, and holding most of those gains. There was intraday commentary on gold and silver here. The moves next week will be much more meaningful than this short term run up off a very oversold condition. I am ready…
