Are Biotech Stocks Starting to Break Down Again?
In the video below I focus on the biotech stocks. I look at two key ETFs…the Nasdaq Biotech ETF (IBB) and the S&P Biotech ETF (XBI). I then look at the top 5 holdings of the XBI.
I’ve looked at IBB many times but really haven’t looked at XBI. They are two different animals and give you exposure to biotech stocks in different ways. IBB is cap weighted and has some big names like Amgen (AMGN), Biogen (BIIB), Gilead Sciences (GILD), Regeneron Pharmaceuticals (REGN) and Celgene (CELG). These top 5 holdings make up about 35% of all the holdings in IBB. Continue reading