Biotechs Remain the Best Place For Stock Picking

 | Mar 20, 2017 | 11:25 AM EDT
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

espr

,

nktr

,

ctmx

,

ljpc

,

auph

,

crbp

,

uctt

,

amd

,

aapl

,

amzn

,

nvda

It is a very slow Monday morning so far. The indices are in a very tight range and breadth is solidly negative. There is a little dip buying interest that is taking the S&P 500 to intraday highs, but it's the lack of energy that has been plaguing the market recently and it is still a problem this morning.

The one group that continues to offer the best trading opportunities is biotechnology. There is quite a bit of news in the group with names like Esperion Therapeutics (ESPR) , Nektar Therapeutics (NKTR) , CytomX Therapeutics (CTMX) and La Jolla Pharmaceuticals (LJPC) . One of my bigger positions in the group is Aurinia Pharmaceuticals (AUPH) and I like the technical action in Corbus Pharmaceuticals (CRBP) .

Outside of the biotechnology sector, there are a few movers in chip related names. Sharkfolio holding Ultra Clean Holdings (UCTT) is going parabolic and Advanced Micro Devices (AMD) is reacting favorably to analyst comments today.

Big-cap names including Apple (AAPL) and Amazon (AMZN) and NVIDIA (NVDA) are helping the indices, but small-caps are lagging after outperforming on Friday.

If you are a market timer, there simply isn't much to do, but for individual stock pickers there is some select action. This market really needs some swings to create better opportunities, but this flattish action appears to be the new normal.

Columnist Conversations

Panera continues to power higher today. The stock has been gaining since the early going and is now near the h...
I've been beefing up positions in Sall Beauty Holdings (SBH) shares and selling (shorting) more SBH puts to ta...
The daily charts are finally indicating we may have a more important high in place with the March time c...
Morgan Stanley is getting pounded today. The stock is off over 4.2%, its biggest one day drop since last summe...

BEST IDEAS

REAL MONEY'S BEST IDEAS

News Breaks

Powered by

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.