GMD Commentary: Saturday, September 30, 2017

On Monday of this past week I featured three stocks, Micron Technology (MU), Virtusa Corporation (VRTU), and PayPal Holdings, Inc. (PYPL).

Micron gained 9.04% on the week.  Virtusa rose 3.22%.  PayPal lost 1.61%.  Altogether a very good week for the GMD Commentary.  In comparison, all of the major indexes were down on Monday but made up their losses later in the week.  The S&P 500 gained .68% on the week, and the DJIA and the Nasdaq gained .25% and 1.07% respectively.

Some healthcare stocks showed a sudden turnaround this week.  Healthcare related stocks have been fairly quiet for several months.  But after the Republicans announced on Tuesday that they did not have the votes to repeal Obamacare, some healthcare stocks rallied strongly.  This was not so for the entire sector, but some, such as biotechnology stocks, rallied strongly.

For the coming week I will feature four stocks in the GMD Commentary.  To begin, I am keeping Micron Technology (MU), which did so well last week, on the featured list.  I will add to that three #biotechnology stocks, Puma Biotech (PBYI), Blueprint Medicines (BPMC) and Exelixis, Inc. (EXEL).  On my website and on my Twitter and Facebook pages I will post articles relating to all of these companies.

Remember, DYOD.  Do your own due diligence.

JFB

Special Note: The Disclaimers and Disclosures are an essential part of this Commentary.  Be sure to read Disclaimers and Disclosures which are linked here.

And be sure to visit The Global Macro Digest ® Main Page for many articles that I hope you find interesting.

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