US Stocks Fall as Biotech in Focus... Stocks To Watch Today...

Niv Dagan

Peak Asset Management

Good morning, US stocks ended down on Monday, led by losses in biotech shares after disappointing news from several companies including Amgen. The Nasdaq Biotech Index sank 4.1%, its biggest daily percentage loss since March 25, while the S&P Healthcare index, down 1.8%, was the biggest drag on the benchmark S&P 500 index. After the market closed, Apple posted a 33% jump in profit last quarter, fuelled by strong demand for the iPhone and sales growth in China. The company also boosted its capital- return program by $US70 billion. Here in OZ, markets are once again hovering around 6,000 points……… Will we break it this time? We think so……… Stocks to watch today • Blackmores third-quarter trading update, Beach Energy March quarter production results, Henderson Group first quarter 2015 results. • Canaccord has a "buy" on Osprey Medical with a price target of $1.50 a share. • Hartleys says gold producer Northern Star Resources is an "accumulate" with a price target at $2.31 a share. The SPI is pointing to 5 points rise this morning.

Niv Dagan
Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...


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