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Ishares Nasdaq BiotechnologyIBBDON'T BUYMar 05, 2014Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
Healthcare sector outlook The sector has had a great bounce since March lows. A good way to play the COVID vaccine race. IBB is the best-known biotech ETF, but he does the XBI, because it's equal-weighted. XBI has had a great bounce. It's a great sector with reasonable valuations. The race for a COVID vaccine is a tailwind, of course. Biotech is a slow-growth area, which benefit from interest rates staying very low for the long term.
42 times earnings so it is rich, but Biotech stocks always are. The price is way above the 200 day moving average. Likes the ETF, but it is expensive.