5:30pm (EST)
1. Market Summary
2. Seattle Genetics (SGEN) – Superior Product Leads to Value
3. Earnings
4. Weekly Wrap Portfolio Update
5. Week Ahead
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1. Market Summary
The bulls continued their merry way as they scored another weekly win and pushed the major averages to fresh 2-year highs in the process. The strength (or surprise) came from the Financial sector which gained 2.5% on M&A (merger and acquisition) activity. The Regional banking stocks also joined in and had a solid week as traders looked for bargains and possible takeover targets.
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