Actually I think the downside is partly because it reached some fund mgr's target price. I've seen this scenario before. The avg target price is 119. Volumes however are not very high so perhaps we'll see a nice move back up in the next session or two.
What's with that?
I'm getting slammed in all my biotechs, AMGN, GILD, CELG and BIIB. Also the etfs are all taking a beating. IBB, BIB are down. This is obvious bear attack on biotech day!
Let's hope lots of Apple products get bought up on Black Friday! This stock movement action stinks.
At this juncture I wish they'd get it over with. Maybe some of the volatility will tone down. Trying to figure out when good news is good or bad is ridiculous!
...the European Central Bank is reportedly looking into expanding the reach of its quantitative easing program with the latest reports indicating the bank may begin buying non-performing loans. The euro has retreated in response, sliding below 1.0600 against the dollar.
...04:11 PM EST, 11/23/2015 (MT Newswires) -- By the end of this decade, four companies are forecast to double their earnings, according to an article in Barron's. The article's author, Jack Hough, expects Alphabet (GOOGL), Celgene ( CELG ) , Charles Schwab ( SCHW .) and Electronic Arts ( EA ) to experience 20% growth or more over the next year "as their prospects become clearer to investors."
Alphabet's growth prospects are closely aligned with the ongoing shift to online spending and advertising. In addition, YouTube could generate as much as $6 billion in revenue this year, rivaling Netflix's expected $6.8 billion in revenue. Shares of Alphabet closed on Monday nearly unchanged at $776.70.
Celgene is forecasting $21 billion in product revenue by 2020 with the extra revenue making more efficient use of Celgene's ( CELG ) spending on marketing and research. Analysts expect Celgene ( CELG ) earnings of $11.28 by 2019, 2 1/2 times earnings for the company's last four quarters. Celgene ( CELG) close at $113.60, fractionally higher with a 52-week range of $92.98 to $140.72.
Wells Fargo is coming out soon with a preferred class. Hasn't yet debuted. I'm waiting for it. WFCPRV will be the ticket.