August 4, 2021, 10:08 pm EDT
Biotech and Pharmaceutical Leading the Way
Although energy and industrial sectors pulled back today after a disappointed ADP private job report with 330K new jobs, biotech and pharmaceuticals were very strong as shown. For example, these COVID-19 vaccine makers run up very strong: MRNA, BNTX, PFE, LLY. NVAX.
Spikes on Delta variant worldwide threatens re-opening effort. It is possible that the re-tightening process may begin if the number of COVID-19 cases keeps rising. Thus, the healthcare sector could emerge again.
Another strong leader AMD is up another +5% that should get attention. The pullback could offer an entry point when it occurs.