The smaller SPDR SP Biotech ETF (ARCA:XBI) has $576 million in total assets and is composed of 48 individual stocks. The ETF is up 25% in 2012 and is trading at a fresh all-time high. The top ten holdings make up 37% of the portfolio and the top two holdings are Human Genome Sciences (Nasdaq:HGSI) and Amylin Pharmaceuticals (Nasdaq:AMLN). HGSI is a recent takeover target and AMLN is up three-fold in the last six months. The expense ratio is Readmore >>
Operating in the Guerrero gold belt, super major Goldcorp (NYSE:GG) owns the largest gold mine in Mexico – its Los Filos complex. That mine features proven and probable gold resources of 7.75 million ounces. However, Goldcorp is not resting on its laurels. Its new Peñasquito mine should take over the title of largest in the nation. Additionally, the firm has several development projects that will begin production in 2015. Shares of the super-miner currently can be had Readmore >>
Starting with the decline that began at the beginning of April 2012, the SP 500 has been putting in lower lows, sinking below the April 9 low (1357.38) and more recently the March 6 low (1340.03). This has drawn the uptrend into question for the index, but all stocks are not following suit. A contingent of large capitalization stocks still remain above March and April support levels. This is called relatively strength, as these stocks are acting strong relative to the market. If the SP Readmore >>
Quicksilver Resources (NYSE:KWK) also wrote down the value of natural gas properties during the first quarter of 2012 and reported a net loss of $60 million, or 35 cents per diluted share. The impairment charge for the company totaled $63 million, and like other operators was related to the drop in natural gas prices. After adjusting for this impairment and several other one-time items, the company reported adjusted net income of $15 million, or 9 cents per diluted Readmore >>
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