Opinions
Don Vialoux
First Trust Biotechnology Index Fund
FBT-N
TOP PICK
May 08, 2017
$104.970
Stock price when the opinion was issued
E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
PAST TOP PICK
PAST TOP PICK
(A Top Pick May 8/17. Up 4%.) The biotech sector does very well at this time of year. This is because there are a number of healthcare conferences at this time of year, when all the major pharmaceutical and biotech companies come out with results of their research. This is still good until July.
E.T.F.'s
Advertising
This just broke into new highs a couple of days ago, so technically it looks good. Seasonally, the sector does very well from May right through until the middle of September. This is the time of year when you want to be in this kind of stock. In the short term, there is the ASCO conference coming up June 2-June 6. This is when a lot of the biotech companies come out with their new products from research. The stock got hammered today, because Pres. Trump called in all the big biotech CEOs, but it turned out they hadn’t talked about pricing at all. So, the weakness today is a buying opportunity.