This week, I took a look at the First Trust NYSE Arca Biotechnology Index Fund ( FBT ) . FBT follows an equal-weight approach to the biotech sector, providing exposure to some of the next breakthrough drugs that could hit the market. Click here to listen to the podcast. To access previous podcasts, take a look at our podcasts category . The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass.
Here is a look at retailers that reported earnings: Sears (NASDAQ: SHLD ) reported its second quarter results. The company lost $5.39 per share, more than double the loss of $2.63 per share analysts were expecting. Revenue of $8.01 billion also fell short of expectations of $8.13 billion. The Children’s Place Retail Stores (NASDAQ: PLCE ) reported its second quarter results. The company lost $0.37 per share, less than the $0.44 loss per share analysts were expecting.
Pharma ETF Investing 101 – Yahoo Finance
1 billion in dividends last year, and since 2009 have paid roughly $441 billion, according to the Independent . British firms accounted for 11% of the $1.03 trillion in global dividends paid last year. [The Case of U.K. Dividends] EFADs next largest country weights are 9.3% to Switzerland, 8.1% to Australia and 5.7% to Japan. Australian companies paid $40.3 billion in dividends last year, nearly double the amount paid in 2012. [Saying G’Day to Australian Dividends] The new ETFs largest sector weights are 22.4% to health care, 21.9% to consumer staples and 14.8% to consumer discretionary.
ProShares Launches EAFE Dividend Growth ETF – Yahoo Finance
The in-licensing of promising mid-stage candidates by big pharma companies has gone up significantly this makes sense as it helps the companies cut down on the time and cost involved in developing a product from scratch. A major part of the in-licensing activity is focused on therapeutic areas like oncology, central nervous system disorders, diabetes and immunology/inflammation. The hepatitis C virus (:HCV) market is also attracting a lot of attention. (Read: Another recent trend is the divestment/monetization of non-core assets so that the companies may focus on their core areas of expertise. Biosimilars are (visit) also a focus area.
Thursday Sector Leaders: Financial, Technology & Communications – Forbes
Combined, BAC and STI make up approximately 6.7% of the underlying holdings of XLF. The next best performing sector is the Technology & Communications sector, up 0.4%. Among large Technology & Communications stocks, Hewlett-Packard Hewlett-Packard ( NYSE: HPQ ) and eBay eBay ( NASD: EBAY ) are the most notable, showing a gain of 5.7% and 4.4%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is up 0.5% in midday trading, and up 13.16% on a year-to-date basis. Hewlett-Packard, meanwhile, is up 33.70% year-to-date, and eBay is up 1.59% year-to-date.