Updated: Sep 2, 2010 6:30 AM EDT
Healthcare
Laux, Porter, Cavanaugh (212) 829-5484
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News and Views
All was well in the world again as September dawned. China/Australia econ numbers before we arrived for work, then ISM numbers at ten provided two waves of wholesale markups of prices across the board, and all groups and averages were able to maintain those prices and go out at best or near best levels of the day. Healthcare across the board was no exception. BSX the lone stock on our board that went out in the red, down 6c, but rumblings at end of day that a large sell order thru a bulge bracket competitor had been completed. Our order flows were light and leaned to the sell side in a 10:7 ratio.
Macro/Technicals
XLV: 28.75; .65; 2.31%DRG: 291.44; 6.31; 2.21%
HMO: 1483.13; 51.18; 3.57%
BTK: 1093.01; 32.24; 3.04%
Leaders: ALNY EXEL KERX NBIX DNDN
Laggards: BSX GPRO GENZ ARAY SQNM
Cantor Flows
BIOTECH/PHARMA: MRK, VRTX, KG, ARNA, AMRN, EXEL, CRA
HEALTHCARE SERVICES: PODD, BSX, HLS
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