Allergan, Celgene Offer Solid Biotech Value

The first five months of 2017 were dominated by the so-called FAANG stocks. A month ago, these five stocks accounted for just over 40% of the Nasdaq's approximate 20% gain for 2017. Investors were willing to pay a large premium to purchase the big, steady growers in the market, especially with the first quarter's anemic GDP growth rate.

That situation has started to change over the past month as some of the momentum has left the FAANG portion of the market and flowed into other sectors of equities. With GDP growth set to pick up significantly over the final three quarters of 2017, I think that rotation will continue....457 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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