Based on data from Nasdaq as of June 13, short sellers made heavy bets against tech stocks. Many investors clearly think the sector is not immune from the current economic downturn. The…
Shares of Amgen Inc. (NASDAQ: AMGN) are seeing a small gain in after-hours trading. The troubled biotech giant announced that findings from its head-to-head, double-blind trial comparing the effects of denosumab in…
Amgen (AMGN) adjusted earnings per share of $1.12 for the first quarter of 2008, an increase of 4 % compared to $1.08 for the first quarter of 2007. Adjusted net income decreased…
Douglas A. McIntyre This week felt like a yo-yo of volatility, and frankly that makes it even better that it was a 4-day work week for the stock market. Despite the huge rally today that…
These are the top analyst calls we are focusing on early this Thursday morning in pre-market trading: Abbott Laboratories (NYSE: ABT) Raised To Outperform at Wachovia. Altria (NYSE: MO) started as Buy…
It almost seems that no matter what happens, there are always some major companies whose shares just won’t recover when the broad market recovers. Sometimes it’s on news, and sometimes it is…
Biotech’s are sliding along with all the others today. A look at the highlights and outliers: Amgen (NASDAQ: AMGN) and Wyeth (NYSE: WYE) announced that arthritis and psoriasis drug Enbrel will now…
According to Reuters, regulators unveiled a plan to toughen rules for mortgage brokers. Reuters writes that Yahoo! (YHOO) and Microsoft (MSFT) have begiin informal discussion about the buy-out. Reuters reports that IACI…
Two of the best-selling drugs in the US are Procrit from Johnson & Johnson (NYSE: JNJ) and Aranesp from Amgen (NASDAQ:AMGN). The products treat anemia in patients with kidney dialysis issues. Studies…
According to Reuters, weak confidence and rising prices are fuelin stagflation fears. Reuters writes that the long fight between Microsoft (MSFT) and Yahoo! (YHOO) over a takeover will help Google (GOOG).’ Reuters…
Below are some of the top issues affecting biotech shares today: AMAG Pharmaceuticals, Inc. (NASDAQ: AMAG), a biopharmaceutical company developing iron compounds to treat anemia, saw shares rise 4% to $56.00 after…
Amgen Inc. (NASDAQ: AMGN) has announced earnings after the company released some positive data this morning. The troubled biotech giant posted $1.00 EPS on a 2% drop in revenues to $3.7 Billion. …
Douglas A. McIntyre Amgen Inc. (NASDAQ: AMGN) has announced the results of its biomarker analysis in new data that will be presented on Saturday, January 26th at the 2008 American Society of Clinical Oncology Gastrointestinal…
Douglas A. McIntyre Based on the Nasdaq short interest in major stocks listed on the exchange as of December 31, shares short in most big tech companies fell. The numbers are compared to those on…
Today has been a rough day with more 52-week lows than we can recall in quite some time. The biotechs haven’t been immune. You can even see that the Biotech HOLDRs (BBH)…
