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Stock Market Roundup Jan. 11: Health Sector Lower on Trump "Murder" Comment
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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 - Free Report) closed the day down 2.99%, while Pfizer (PFE - Free Report) , Johnson & Johnson (JNJ - Free Report) , and Gilead Sciences (GILD - Free Report) all declined around 1.5-2% after Trump’s comments.
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 , launched Stories about 6 months ago.
Shares of high-end home furnishings company Ethan Allen 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.
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
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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Stock Market Roundup Jan. 11: Health Sector Lower on Trump "Murder" Comment
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 - Free Report) closed the day down 2.99%, while Pfizer (PFE - Free Report) , Johnson & Johnson (JNJ - Free Report) , and Gilead Sciences (GILD - Free Report) all declined around 1.5-2% after Trump’s comments.
Zacks Rank #1 (Strong Buy) Biggest Movers
Value: Angang Steel Co.
Growth: MiX Telematics
Momentum: ANGGY
VGM: MIXT
Income: N/A
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Top Headlines
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 , launched Stories about 6 months ago.
Here’s Why Ethan Allen is Tumbling Today
Shares of high-end home furnishings company Ethan Allen 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
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>