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Biotech's Brewing Bull Market

Written By Brian Hicks

Posted May 1, 2010

Welcome to the Wealth Daily Weekend Edition — our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles.

If there is logic to the markets these days, it goes something like this: Good news is good and bad news is even better…

I mean, not even the brewing collapse of the Eurozone or the Congressional takedown of Goldman Sachs can stop this run, as the markets continue to grind higher.

So much I guess for the famed "Wall of Worry"…

In fact, even the weekly chart of the DOW is about to turn even more bullish with a second consecutive close above the 200-week moving average. Take a look:




That’s the mojo that is helping pushing stocks to rebound highs, as the bears slink even deeper into cold, dark woods.

As for places to lay down your bets, I still like the biotech sector, where the right breaking story can earn you a small fortune.

That’s what happened yesterday for Dendreon (NASDAQ: DNDN) investors as the company went on a moonshot after the FDA approved its cancer vaccine, Provenge. After they resumed trading, DNDN shares jumped over 30% instantaneously. 

But that’s nothing compared to the call our own Ian Cooper made on the company a year ago, when he was urging Wealth Daily readers to buy Dendreon at just $6.00 a share. Today it’s up over 500%. Great call, Ian.

As for some new investment ideas, there are a few below from the pages of this week’s top-read articles in Wealth Daily and our sister publications, Energy & Capital and Green Chip Stocks. 

If you can’t find a stock in there that looks good to you… well, the next bull market will likely be moving on without you.

Until next time, have a great weekend.

Your bargain-hunting analyst,

steve sig

Steve Christ
Editor, Wealth Daily

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