Why These Pharma ETFs Rallied On Thursday

By Zacks Investment ResearchStock MarketsFeb 28, 2019 08:00PM ET

www.investing.com/analysis/why-these-pharma-etfs-rallied-on-thursday-200393878

Why These Pharma ETFs Rallied On Thursday

By Zacks Investment Research | Feb 28, 2019 08:00PM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

CELG

0.00%

Add to/Remove from Watchlist

HZNP

+0.00%

Add to/Remove from Watchlist

PJP

-0.30%

Add to/Remove from Watchlist

XPH

-0.36%

Add to/Remove from Watchlist

TGTX

+0.45%

Add to/Remove from Watchlist

RKDA

+4.10%

Add to/Remove from Watchlist

XPH

+2.35%

Add to/Remove from Watchlist

Pharma ETFs have seen solid trading on Feb 28 as positive drug data and events in the cannabis industry were cheered by investors. Despite the ongoing controversy related to high drug prices, fundamentals appear to be strong for the space. The merger and acquisition backdrop has also been solid in the industry (read: Bristol-Myers to Acquire Celgene (NASDAQ:CELG): Healthcare ETFs in Focus).

Arcadia Eyes Cannabis Industry

Arcadia Biosciences Inc. (NASDAQ:RKDA) — which normally develops food ingredients from wheat and soybeans — saw its shares jump 49% on Feb 28 after it announced plans to foray into the hot hemp or cannabis industry (read: Top ETF Stories of February).

Congress-legalized hemp products, including most CBD, in December in the 2018 Farm Bill. This change has paved the way for the formation of Arcadia Specialty Genomics, which now seeks to tap the rising demand in the hot marijuana space.

Horizon Pharma’s Positive Trial of Eye Disease Treatment

Horizon Pharma Public Limited Company (NASDAQ:HZNP) saw around a 33% jump on Feb 28 as it announced positive results in a late-stage trial of a treatment for active thyroid eye disease, or TED, per the source. The trial successfully met the secondary endpoints and realized a consistent safety profile with the phase 2 study. The company is looking to submit a biologics license application to the FDA in mid-2019.

TG Therapeutics Comes Up With Positive Umbralisib Data

This Zacks Rank #1 (Strong Buy) biopharmaceutical company (NASDAQ:TGTX) saw its shares jump 31% on Feb 28, thanks to positive results from a Phase 2b clinical trial, UNITY-NHL, evaluating umbralisib in patients with treatment-resistant non-Hodgkin lymphoma (NHL). Preliminary data will be presented at AACR on Apr 1.

Decent Earnings Season

The space has been coming up with decent corporate results. Per the Earnings Trends issued on Feb 20, 2019, earnings growth in the fourth quarter is likely to be 10.2% on 7.9% higher revenues (read: A Look at Pharma ETFs Post Q4 Results).

ETFs in Focus

Below we highlight a few top-ranked ETFs that added more than 1% on Feb 28 and have been trading around a one-month high.

First Trust Nasdaq Pharmaceuticals ETF FTXH — Up 2.1% on Feb 28

SPDR S&P Pharmaceuticals (NYSE:XPH) ETF (HN:XPH) — Up 2.0% on Feb 28

iShares US Pharmaceuticals ETF IHE — Up 1.3% on Feb 28

Invesco Dynamic Pharmaceuticals ETF (WA:PJP) — Up 1.2% on Feb 28

Want key ETF info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>

SPDR S&P Pharmaceuticals ETF (XPH): ETF Research Reports

iShares U.S. Pharmaceuticals ETF (IHE): ETF Research Reports

Invesco Dynamic Pharmaceuticals ETF (PJP): ETF Research Reports

TG Therapeutics, Inc. (TGTX): Free Stock Analysis Report

Horizon Pharma Public Limited Company (HZNP): Free Stock Analysis Report

Arcadia Biosciences, Inc. (RKDA): Free Stock Analysis Report

First Trust NASDAQ Pharmaceuticals ETF (FTXH): ETF Research Reports

Original post

Zacks Investment Research

Sector Rotation Taking Hold as Healthcare Surges, Financials Lag By James Picerno - Feb 27, 2025

As markets try to look through the blizzard of policy changes flowing out of Washington, the crowd has shifted its preferences considerably in recent weeks based on a sector lens....

Nasdaq Bulls Stand Firm - But a Slip Below This Level May Spark... By Fawad Razaqzada - Feb 27, 2025 4

Nvidia’s muted reaction keeps tech on edge, with chipmakers in focus. Nasdaq’s 20980-21000 support holds—for now. A break could mean trouble. With Nvidia done, GDP today and...

This 10.6% Dividend Is a Top Buy When Stocks Melt Down By Michael Foster - Feb 27, 2025

Here’s where I see stocks now: Yes, we’ve got some legitimate concerns as some economic warning signs appear—and run up against the tech-driven optimism that’s powered stocks to...

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.90%

Mar 06, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

US 30	43,392.0	-42.3	-0.10%
US 500	5,973.6	+17.4	+0.29%
Dow Jones	43,433.12	-188.04	-0.43%
S&P 500	5,956.06	+0.81	+0.01%
Nasdaq	19,075.26	+48.88	+0.26%
S&P 500 VIX	18.34	-0.76	-3.98%
Dollar Index	107.010	+0.681	+0.64%

Crude Oil WTI	69.43	+0.81	+1.18%
Brent Oil	72.82	+0.75	+1.04%
Natural Gas	3.946	-0.013	-0.33%
Gold	2,900.79	-29.81	-1.02%
Silver	32.068	-0.204	-0.63%
Copper	4.6335	+0.0470	+1.02%
US Soybeans	1,029.88	+4.88	+0.48%

U.S. 10Y	4.288	+0.039	+0.92%
U.S. 30Y	4.541	+0.034	+0.75%
U.S. 5Y	4.112	+0.035	+0.86%
U.S. 3M	4.306	+0.005	+0.12%
US 10Y T-Note	110.63	-0.22	-0.20%
Euro Bund	132.76	-0.18	-0.13%
10-2 Yield Spread	17.88	-1.73	-8.82%

Apple	240.36	-6.68	-2.70%
Alphabet A	172.73	-2.69	-1.53%
Tesla	290.80	-12.00	-3.96%
Amazon.com	214.35	+1.55	+0.73%
Netflix	990.06	+12.82	+1.31%
Meta Platforms	673.70	+16.20	+2.46%
Bank of America	43.94	0.00	0.00%

Why These Pharma ETFs Rallied On Thursday

Related Articles