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Oct

07

Rotation Well Timed for Funds Selling Biotech to Buy Energy

By Tony Seruga

Investors drive up energy buying more than any other sector
Biotech in bear market as energy rallies 9 percent this month

Investors are trading one of the bull market’s biggest winners for its biggest laggards.

They’re selling health-care stocks and buying energy faster than any other industries, according to research from FBN Securities. Data on the rotation came as a month-old bear market in biotechnology stocks worsened yesterday and energy shares — downtrodden throughout 2014 amid plunging oil prices — capped the biggest rally since 2008…

Rotation Well Timed for Funds Selling Biotech to Buy Energy

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