Biotech stocks fall as energy continues to soar amid volatile market. 5/9/22

Biotech stocks, a former pandemic winner, have been falling since April, with the S&P Biotech ETF down nearly 40% this year. Salim Syed of Mizuho Securities gives us his take on what will happen to these biotech companies in the near-term. Energy, on the other hand, seems to be on an unstoppable winning streak, as oil and gas stocks continue to make positive moves amid this volatile market. Biraj Borkhataria of RBC Capital Markets joins us to talk about which names in particular he’s most excited about. Plus, are commodities impacting inflationary readings more than wages? Gina Sanchez of Chantico Global weighs in. And, ahead of Wednesday’s CPI report, what’s the best area to invest? Patrick Fruzzetti of Rose Advisors has the answers. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.