Cantor Morning News | Healthcare

Business flows improved considerably as market was able to add small gains to yesterday’s advances. We had a lot of excellent two way situations, particularly in healthcare area – HNT,AMRN,ENDP,RSCR,FURX, and MEND. We even had a large cross in DPZ after being the axe on the buy side for a week(we’re still a large buyer in case your sales trader hasn’t told you).

Restaurants had a good day for the 3^rd day in a row, led by DIN,PNRA,PFCB,BWLD,CMG. More red figures in small/midcap Biotechs than we’ve seen all week.

HMO's up slightly yesterday, still churning after sharp selloff last week. Would look for some more consolidation before another leg down. Big Cap Pharma reaching upper end of rising channel preparing to complete B wave of A-B-C correction. Hospitals continue to be a source of funds.

Macro/Technicals

XLV: 29.31; -.14
PPH: 61.85; -.31

Leaders: Leaders: KG+8.88%,ENDP+8.84%,DIN+5.03%,EAT+3.15%
Laggards: Laggards: MNKD-4.02%,ITMN-3.24%,ONXX-2.65%

Active Names

Active Names

Biotech/Pharma: FURX ENDP AMRN KG

Healthcare Services: MEND RSCR HNT HLS HUM LH PKI UNH UHS

Restaurants/Publishing/Retail: DPZ SONC

Sector News, M&A, Capital Raises

CATM- 7mill secondary priced at 14

MNKD- 9 million secondary priced at 5.55, along with 100 million convert

Research Away

EW - initiated Buy at Madison Williams

BMTI - initiated with Overweight at JPM

Cantor Flows

Biotech/Pharma: FURX ENDP AMRN KG

Healthcare Services: MEND RSCR HNT HLS HUM LH PKI UNH UHS

Restaurants/Publishing/Retail: DPZ SONC

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