Biotech Soars + A "Strong Bullish" Buy Signal?

Here's what Green Zone Power Ratings says… Published By Money & Markets, LLC. June 22, 2024 Published By Money & Markets, LLC. June 22, 2024 [Turn Your Images On] Biotech Soars + A "Strong Bullish" Buy Signal? Editor's Note: Every week, you watch stocks from industries across the board pop (or drop), but you may wonder if it's time to buy in. That's what today's Money & Markets Daily is all about. We'll show you some of the week's biggest movers and then run them through Adam O'Dell's proprietary Green Zone Power Ratings to see how they stack up. - Gilead Sciences Inc. (Nasdaq: GILD): Shares of GILD jumped more than 8% on Thursday after the company reported its Phase 3 trial of its injectable HIV drug was 100% effective in preventing infection in women. GILD still rates ["High-Risk"]( in Green Zone Power Ratings, and shares are still down 15% year to date. - Smith & Wesson Brands Inc. (Nasdaq: SWBI): Shares of the gunmaker jumped 8% Thursday in aftermarket trading following another strong earnings beat. Revenue for its fiscal first quarter came in at $159.1 million versus Wall Street estimates of $156.8 million. On Friday, investors sold following the pop as shares traded 12% lower intraday. Could this be a buying opportunity for the ["Strong Bullish"]( stock? - Sarepta Therapeutics Inc. (Nasdaq: SRPT): It's been a strong week for certain biotech stocks. The FDA approved expanding Sarepta's treatment of Duchenne muscular dystrophy, a rare disorder that primarily affects boys. Shares soared more than 30% higher Friday morning, and the news should improve [SRPT's rating]( from here. - Cipher Mining Inc. (Nasdaq: CIFR): Bitcoin's early 2024 rally has stalled out, and that's hitting bitcoin miners to some degree. Shares of this ["Bearish"]( stock were trading 12% lower on Friday. - RH (NYSE: RH): Analysts are downgrading the home furnishing retailer, better known as Restoration Hardware. Shares of the ["High-Risk"]( stock lost another 6% throughout the week, contributing to its 23% decline so far in 2024. — The Money & Markets team --------------------------------------------------------------- Top Research From the Last Week [Turn Your Images On]( [The No. 1 Mega Trend Coming Out of Next Week’s Debate]( [Turn Your Images On]( [The Rocky Road for EV Sales Is Being Paved]( [Turn Your Images On]( [The “Dark Side” of the Magnificent Seven…]( [Turn Your Images On]( [The Fed Keeps Truckin’ Along]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. 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It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2024 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: [Click here to Unsubscribe](