Currently the editor of "The Biotech Forum," Bret Jensen was chief investment strategist for Simplified Asset Management (S.A.M.), a small long/short hedge fund based in Miami, from 2008-2011. The fund was in the top 5% of long/short hedge funds for total return in its first full year (2009), as ranked by Hedgeco fund database (more than 450 funds in category). Prior to this, he spent a decade as technology director of a Fortune 100 firm.Expand

Jensen has been a top-5%-ranked financial analyst and blogger since 2013, according to TipRanks. He holds a Bachelor of Science degree in finance from Arizona State University.

Follow Bret on Twitter: @Bret_Jensen.Collapse

The two sectors hold more promise than most in the back half of 2017.
There are reasons to believe rallies in BioDelivery Sciences and Flexion Therapeutics should continue.
The sector decisively has pushed through upward resistance levels in place for many months.

Celgene Bucks Biotech Trend Real Money Pro($)

Stocks wrapped up a directionless day of trading near even. Despite the turmoil in D.C., volatility in the market remains remarkably low. Celgene (CELG) bucked the slightly downward trend in biotech as Leerink Swann reiterated its Buy rating. Oppenheimer did the same thing a few days ago. Celgene is one of best growth plays in the market, but it has not done much in two years despite 60% earnings growth over the past 2½ years.

Wayfair Way Overpriced? Real Money Pro($)

The major indices continue to trade near even as we close out the week in a rather dull day of trading given June options expiration. The Russell 2000 is down more than a half percent today as large-caps continue to outperform small-caps by a wide margin in 2017 so far.
Some minor improvement in the major indices from our last update. Market is almost to flat line as we approach the close of the week -- and June options expiration, as well. Whole Foods Market (WFM) is slightly above the $42 a share buyout offer from Amazon (AMZN) . Some, including Barclays, are speculating another bidder may emerge to keep the firm out of the claws of the giant from Seattle.
It has been a lackluster day of trading so far, with all the major indices slightly down and the Nasdaq sporting the largest percentage loses on the day so far. A view just out from Bank of America Merrill Lynch sees lower used car pricing, and overall unit volume heading lower in the U.S. This report is hammering auto dealer stocks like Lithia Motors (LAD) in trading today. Amazon's (AMZN) surprise purchase of Whole Foods Market (WFM) is hitting other grocery concerns and their suppliers hard. The retail sector, top to bottom, is just one tough space to make money in right now.
Looks like the grocery sector is going to be a theme for this Friday. In the story of the day, and maybe of the week, Amazon (AMZN)  has announced it will buy organic food pioneer Whole Foods (WFM) for $42 a share in an all-cash transaction. Walmart (WMT) is down 5% in reaction. The ultracompetitive grocery business just got a bit more challenged.
Futures are pointing to a slightly up opening. It appears that the president plans to reverse some of his predecessor's Cuba policy but do so in a way that will not hurt commercial interests. This would be good news for cruise lines such as Carnival(CCL) . In other news from Cuba, Raul Castro says he plans to "retire" in 2018.
As always, I am happy to stand in today for Doug Kass here at the Daily Diary.

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