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Ishares Nasdaq BiotechnologyIBBPAST TOP PICKAug 18, 2017Stock 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.
(Top Pick Jun 28/17, Down 4.04%) Season strength is June to September for Biotech. It is the ramp up ahead of cold and flu season. It broke a significance line and we are re-testing it. Momentum has come out of the name in the last three weeks. There is the continuous overhang of high drug prices in the US. If it cannot hold $300 then get out of it. It is no longer supported as a seasonal trade and he would get out of it.