Rod Raynovich's  Instablog

Rod Raynovich
Send Message
Rod Raynovich is an entrepreneur and executive with a focus on life science companies and medical technology trends.He has over 30 years executive experience including Abbott and JNJ and has been involved three successful start-ups. He has a B.S, from Penn State University and an MBA from... More
My company:
Raygent Capital
My blog:
  • Rayno Life Science: Bringing On The Green After A Four Day Rest 0 comments
    May 21, 2013 3:12 PM | about stocks: MRK, REGN

    Biopharmaceutical Stocks Rally- Many Rayno Picks up 2%+

    If the past four days was the long awaited biotechnology correction it was barely noticeable, mere 3.7% high to low over the past week.Today the rally has resumed with major large cap holdings from fund and ETFs like : ALXN, AMGN, BIIB, GILD, and PCYC. Regeneron (NASDAQ:REGN) was a laggard down 1% and 4.5% over five days due to profit taking. Regeneron and partner Sanofi announced positive results from its Phase 2a asthma drug dupilimab.

    Cubist (CBST $55.28) was a big winner yesterday and today breaking out of a one year base near $50 with upgrades and news on a favorable patent ruling with Hospira.

    Overall the Rayno Biopharmaceutical Portfolio is having a good day with several other stocks up 2% or more: ACHN, ALKS, ARRY, ASTX, and VPHM.

    We have not made any biopharma portfolio changes other than recommending a little profit taking.This Week's Barrons on p28 highlights the biotech fund (MUTF:FBDIX) breakout and picking 3 well known stocks as buys: CLDX, GILD, and REGN.

    There are several large funds focused on biotech and healthcare and many growth funds that need to be in life science growth stocks so the sector should hold if NASDAQ keeps on rallying and no bad news is forthcoming.

    With "FEDheads" talking the cheap money every day it is hard to envision a major correction. Goldman Sachs came out with a bullish call today despite many major bank strategists already calling for a 2013 market under the current S&P value of 1672.

    Disclosure: I am long ACHN.

    Stocks: MRK, REGN
Back To Rod Raynovich's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.