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Ishares Nasdaq BiotechnologyIBBPAST TOP PICKApr 19, 2016Stock 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.
(A Top Pick April 21/15. Down 23.24%.) For 3 years, biotech lead the market. In October last year, virtually the day that Hillary Clinton made comments on drug pricing, it was over. He was stopped out and now has a zero weight in biotechs.