Author Archives: Scalper1

Detroit Auto Show Yields Tech News And The GM Bolt EV

Day one of the North American International Auto Show (NAIAS) in Detroit Monday brought details on General Motors’ (GM) 2017 Chevrolet Bolt EV, a 200-mile-range electric car expected to sell for less than $40,000 that could rival Tesla Motors’ (TSLA) planned Model 3. The 2017 Bolt debut happened last week at the international consumer electronics show CES in Las Vegas. Then at the Detroit show Monday, the Bolt’s 60-kilowatt-hour battery pack was

Utility Stocks Find Favor As Investors Turn Defensive

The Federal Reserve’s long-awaited interest-rate hike on Dec. 16 was supposed to erode the appeal of utilities and other dividend stocks. Yet in the past six weeks, the electric power and diversified utilities industries have jumped nearly 50 places, climbing into the top 20 out of the 197 industry groups tracked by IBD. The gas distribution and water utility industries have climbed into the top 10 from Nos. 20 and 33, respectively. Several

Celgene, Vertex, Illumina Offer Mixed Outlooks

SAN FRANCISCO — Big biotechs Celgene and Vertex Pharmaceuticals disappointed investors with their 2016 guidance, while gene-sequencing giant Illumina previewed a variety of futuristic products, at a major investor conference Monday. The news at the annual JPMorgan Healthcare Conference in San Francisco, sent Celgene (CELG) and Vertex (VRTX) stocks falling Monday, while Illumina (ILMN) shares rose a fraction. Celgene said Q4 EPS totaled $1.18 a