US ETFDetailed Quotes
IBB iShares Biotechnology ETF
- 133.990
- -1.850-1.36%
Close Mar 11 16:00 ET
135.700High132.120Low
135.700High132.120Low1.63MVolume135.580Open135.840Pre Close218.87MTurnover3.57%Turnover Ratio--P/E (Static)45.80MShares150.28652wk High--P/B6.14BFloat Cap123.37152wk Low0.39Dividend TTM45.80MShs Float175.623Historical High0.29%Div YieldTTM2.64%Amplitude12.713Historical Low133.909Avg Price1Lot Size
Market corrections, characterized by a significant decline in stock prices, can be unsettling for even the most seasoned investors. However, Exchange-Traded Funds (ETFs) offer a versatile toolkit to help navigate these turbulent periods.
There are a few things we need to...
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Biotech stocks remain depressed, nearly two years into a dip that has seen the SPDR S&P Biotech ETF XBI 0.05% drop nearly 50%.
The other most-watched exchange-traded fund that tracks the biotech secto...
Buy this ETF before the biotechnology boom will come next time
M&A in Q1 alone totaled 12 deals for $19.2 bil which is close to the 10 deals for $21.9 bil in all the 1H of 2023...
But one big caveat of this chart, it doesn't include $Pfizer (PFE.US)$ 's $43 bil deal for $SGEN announced in Mar 2023 but didn't close until Dec bc of an FTC challenge,
The biggest biotech M&A deal so far this yr was $Gilead Sciences (GILD.US)$ 's $4.3 b...
Observations from $VINC (-60% AH):
1- When companies tout "strong safety profile", often means efficacy is a big fat zero
2- Phrases like "dose dependent clinical activity" set the bar low
3- "Promising" doesn't necessarily refer to SP
Stay skeptical, my friends.
Mike on biotech's correlation with interest rates:
"Biotech is essentially a call option on $iShares 20+ Year Treasury Bond ETF (TLT.US)$
Biotech bulls need inflation and rates to move lower for resumption of a real bull market.
XBI is likely to remain range-bound - or worse - until inflation convincingly moves lower.
Hopefully we can grind out reasonable returns in the meantime by buying the right stocks, but we will b...
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