• Hello Customer - Log in or Register!
Date: 2016-08-12

NASDAQ on the Rise with Tech and Biotech Companies at the Forefront

Sachin Diraviam

In 2015, the NASDAQ is up 6.1%; thanks to its tech heavy nature, with companies like Netflix, Google, and Amazon traded on the exchange. “Some of the big Nasdaq names—Amazon, Google and Netflix—those stocks have powered the market forward this year,” said Robert Pavlik, chief market strategist at Boston Private Wealth LLC. He also added, “People were looking for growth in a very low-growth economy.” This plays a predictive part for 2016 when the population will be looking for the next fast rising stock by making them focus on the tech base stocks over other ones. In 2015 alone, Netflix has increased its share price by 140%. This rapid increase is the effect of Netflix being present in the daily lives of millions of users and its gained popularity over the last twelve months.

The NASDAQ has also had high performing stocks outside of the tech field this year. Many pharmaceutical companies saw their share prices increase dramatically. There has, however, been some doubt about biotech companies due to the statement made by democratic nominee candidate Hilary Clinton. Clinton said that she will lay out a plan to restrict “price gouging” in the specialty drugs market. Her announcement came in after she came across an article in The New York Times about a drug whose price was raised from $13.50 a tablet to $750. Concerns about accounting practices had also led to a sharp decline in biotech companies. This was countered by encouraging third quarter numbers, which alleviated some of the pressure. Some companies experienced lucrative growth this year, such as Eagle Pharmaceuticals Inc., whose share price increased by over 450% this year and the company is projected to maintain a high growth rate in 2016. These up an coming companies help improve the value of NASDAQ overall.


Previous: The Impact of Rising Interest Rates on Emerging Markets
Next: Tensions Escalate Between Russia and Turkey Over Downed Bomber

Hot Products:
Product Model Inside Diameter Outside Diameter Thickness
CRV12XH/3AS NTN 9.525 19.05 14.3
CRV10-1XH/3AS NTN 6.35 15.875 12.7
【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.