Top Biotech Stocks To Watch For 2017


JPMorgan’s Cory Kasimov and team offer their advice on playing the biotech selloff, which has continued today with the iShares Nasdaq Biotechnology ETF (IBB) having tumbled more than 3% today:

Biotech stocks remain volatile and are down meaningfully relative to the broader markets (Nasdaq Biotech Index: -22%; S&P 500 -6%) with the Big 4 clearly outperforming the group (down only 8-15% YTD) but still underperforming the market, and many SMIDs are off 25-50%. To put this move in context, theNasdaq Biotech Index is now trading at levels not seen since the fall of 2014; moreover, large-cap biotech multiples are down to 13x 2016 consensus EPS vs. 16x for the S&P and 17x for major pharma. We maintain that fundamentals have not meaningfully changed (broadly speaking), and this move is largely the result of fund flows in the midst of a messy macro backdrop and after a multi-year run of outperformance led to valuations that were admittedly priced for positive news. While the selloff year to date has been substantial (perhaps painful is a better word), and we see clear opportunities in the group, we are not yet at a point where we would advocate stepping i n to buy a basket of biotech names with the political noise unlikely to abate (and perhaps intensify). Rather, we maintain that selectivity will be increasingly important once the sector ultimately stabilizes…

Top Biotech Stocks To Watch For 2017: PRA Group, Inc.(PRAA)


Advisors’ Opinion:

  • [By Lee Jackson]

    PRA Group Inc. (NASDAQ: PRAA) has been hit hard recently, and shareholders may be glad to know that a director took advantage of the sell-off and stepped in to buy shares. That board member bought 143,000 shares of the financial and business services company at prices that ranged from $34.40 to $34.89. The total for the buy was set at $5 million. The stock closed Friday at $32.90, in a52-week range of $21.93 to $42.70. The consensus price target is $40.60.

Top Biotech Stocks To Watch For 2017: U S Concrete, Inc.(USCR)


Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Friday, basic materials shares fell 0.73 percent. Meanwhile, top losers in the sector included US Concrete Inc (NASDAQ: USCR), down 8 percent, and Seabridge Gold, Inc. (USA) (NYSE: SA), down 5 percent.

  • [By WWW.THESTREET.COM]

    Coming up in tonight’s episode of Mad Money: Cramer interviews Bill Sandbrook, CEO of U.S. Concrete (USCR)  and focuses on opportunities for Xilinx (XLNX) .  Plus, don’t miss the Lightning Round. Which stocks is Cramer bullish on?

  • [By Lisa Levin]

    In trading on Friday, basic materials shares fell 0.36 percent. Meanwhile, top losers in the sector included US Concrete Inc (NASDAQ: USCR), down 10 percent, and Commercial Metals Company (NYSE: CMC), down 4 percent.

Top Biotech Stocks To Watch For 2017: TD Ameritrade Holding Corporation(AMTD)

Advisors’ Opinion:

  • [By Chris Dier-Scalise]

    After a another month of record highs for the Dow Jones Industrial Average, which surpassed the $21,000 mark, and the S&P 500, which topped $2,400, TD Ameritrade Holding Corp. (NASDAQ: AMTD) released its March report for the Investor Movement Index. Tracking retail investor movement in and out of equities, the IMX, like the markets at large, hit a new high of 6.22 and showed retail investors were net buyers of equity over the month.

  • [By WWW.MONEYSHOW.COM]

    TD Ameritrade (AMTD) is very strong today for one reason — it’s a bull market stock — that directly benefits from a rising stock market, explains growth stock expert Mike Cintolo, editor of Cabot Top Ten Trader.

  • [By Chris Dier-Scalise]

    That's the goal of TD Ameritrade Holding Corp.'s (NASDAQ: AMTD) Investor Movement Index, or IMX. The index tracks the activity of TD Ameritrade investors to measures how they are positioned in the markets.

  • [By Jayson Derrick]

    Looking for a list of the most common stocks sold by retail investors? Well, TD Ameritrade Holding Corp, (NASDAQ: AMTD) recently ranked as the top retail broker, releases on a monthly basis a few interesting tidbits that gauge the trading activity of its clients.

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