After President-elect Donald Trump said pharmaceutical companies were “getting away with murder,” in how much they charge the government for medicines, health sector stocks began to slide. The iShares Nasdaq Biotech ETF IBB closed the day down 2.99%, while Pfizer PFE, Johnson & Johnson JNJ, and Gilead Sciences GILD all declined around 1.5-2% after Trump’s comments.
Zacks Rank #1 (Strong Buy) Biggest Movers
Value: Angang Steel Co. ANGGY
Growth: MiX Telematics MIXT
DOW: 19,954.28 / 98.75 / +0.50%
S&P 500: 2,275.32 / 6.42 / +0.28
NASDAQ: 5,563.65 / 1.32 / +2.55%
At 150 Million Strong, Instagram Brings Skippable Ads to Stories
Instagram announced that its Stories feature will debut skippable advertisements, and brands will soon be able to place five-second photos or 15-second videos between user content. The popular photo-sharing app, which is owned by Facebook FB, launched Stories about 6 months ago.
Here’s Why Ethan Allen (ETH) is Tumbling Today
Shares of high-end home furnishings company Ethan Allen ETH are tumbling, down almost 10% in midday trading after it said that it expects to report lower-than-expected second quarter results. Ethan Allen is just one of many companies who have faced a challenging retail environment, especially during the recent holiday season.
6 Stocks to Gain from Obama’s Economic Legacy
While Obama has had a broad ranging impact on the economy as a whole, specific sectors have benefited more due to signature policy measures. For instance, Obamacare has had a deep impact on the healthcare sector. Other industries which have been significant benefited by his presidency include energy, utility and automobiles. Adding stocks from these sectors to your portfolios makes for a profitable choice.
Zacks' Top 10 Stocks for 2017
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Pfizer, Inc. (PFE): Free Stock Analysis Report
Johnson & Johnson (JNJ): Free Stock Analysis Report
ISHARES NDQ BIO (IBB): ETF Research Reports
Gilead Sciences, Inc. (GILD): Free Stock Analysis Report
Ethan Allen Interiors Inc. (ETH): Free Stock Analysis Report
Angang Steel Co. (ANGGY): Free Stock Analysis Report
Facebook, Inc. (FB): Free Stock Analysis Report
MiX Telematics Limited (MIXT): Free Stock Analysis Report
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