| Genomics, or DNA-based medicine, is the biggest investment opportunity of our lifetimes. And investors are taking notice. Money is flowing into genomics stocks as well as to the broader biotech sector, of which genomics are a part. And the industry has moved to satisfy this new demand with a boom in new biotech IPOs. Last year, 71 biotech companies valued at $50 million or more entered the market through initial public offerings (IPOs), according to Biopharma Dive. And 2021 is more of the same, with 68 offerings meeting the same criteria through the first nine months of the year. Now, you know me. I’m not opposed to taking a risk when the odds are in my favor. But the key is that I need to see those odds; I need to be comfortable with the numbers. And today, some of the numbers aren’t inspiring confidence. With that said, here’s how you can buy into the biotech (and genomics) buzz. Suggested Stories: The Fall of One Big Tech Co.? Facebook Stock Teeters on the Edge Schumer Halts SAFE Act — What It Means for Cannabis Stocks
| Tech Futurist who uncovered Tesla says: New "Forever Battery" is here and it is disrupting the $3 trillion EV Revolution in 2021. | |
Earnings Edge Earnings season is getting exciting. This week marks the formal kick-off of the season, with economic bellwether Alcoa set report along with multiple banking stocks. That’s not where our attention is going today, though. We have two stocks united by their large moves on earnings. Now, let’s dive into this week’s Earnings Edge… Suggested Stories: Trend Rules Help You Find Profits in the Most Volatile Markets Polymer Profits: A High-Value Plastics Stock With Momentum | Could the technology behind this odd-looking machine really be the most transformative innovation in history? Experts are screaming: "YES"! Elon Musk calls it "amazing…" A former Apple CEO says "[it will] have a far bigger impact on humanity than the Internet"… While a Harvard Ph.D. says it will "[surpass] the space, atomic, and electronic revolutions in its significance." It's a technology I call "Imperium." | |
Chart of the Day Every month, the unemployment report is released. And every month, analysts find some good news and some bad news in the details. In the latest report for September, the good news was that the unemployment rate dropped to 4.8% from 5.2% in August. The bad news was the rate fell because about 338,000 individuals left the labor force. The long-term trend in part-time employment is dropping. (See chart below.) Click here or the image below to see what this drop in part-time jobs means for the economy.  Suggested Stories: Winter's Energy Price Spike Will Add to the Fed's Problems Even if Gold Doesn't Show It, Metals Confirm Inflation | 
2000: NASA launched its 100th space shuttle mission, STS-92. The mission's objective was to continue assembly of the International Space Station. | |
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