
The Rally 6/7/23
Halftime Report
00:00
Biotech and Healthcare: A Comparison
The big pharma stocks had outperforming years because they were safe and defensive. If interest rates are peaking, that's good for biotech as these companies need money. There haven't been a lot of IPOs and certainly not a lot of sectors but that could come if the market keeps going. You have to be careful because these are very risky names.
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