TCRT-PGEN Fundamental & Technical Discussion Board - IBB Index up big today in horrific market. Biotch rotation time??? Or Vaccines didnít work and time - TCRT-PGEN Fundamental & Technical Discussion Board - InvestorVillage


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Msg  25483 of 29049  at  11/27/2021 11:03:46 AM  by

JBWIN

The following message was updated on 11/27/2021 11:49:09 AM.

 In response to msg 25480 by  Hangerguy
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Re: IBB Index up big today in horrific market. Biotch rotation time??? Or Vaccines didnít work and time to refocus on drugs that cure???EOM

  
The major market meltdown was driven by fear about the impact of the latest Covid-19 variant, designated a moniker straight out of the Transformers movie series, Omicron. Concerns about the economic recovery, inflation, cost of capital hit equities. The IBB index is highly concentrated with the top 10 representing 51% of the total. The #1 holding, Moderna (MRNA) at 9.1% of IBB drove the positive IBB Friday action, up 21% percent based on the potential of the mRNA vaccine platform to play a role in addressing the new variant. Pfizer (PFE)/BioNTech (BNTX) using a similar vaccine technology also had significant up days, PFE over 6% and BNTX over 14%. While PFE is a far more diversified company, they also benefited from lukewarm MRK follow-up data on Molnupiravir, its oral Covid-19 pill. 
 
 
 
The XBI index is far less concentrated with top 10 representing less than 9% and the top two holdings are in the gene editing space. ZIOP is 0.15% weighted in XBI. 
 
 
 
 
 
 
 
 
 
 
 


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