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This Says Our Favorite Biotech Is Off to the Races

Shares of a promising biotech we recommended back in February 2013 – jumped as much as 27% to a three-month high of $14.20 yesterday after the company said a new cancer drug met its main goal in a midstage clinical trial.

Its shares backtracked a bit as the day progressed but still closed 17.6% higher for the session. These shares have advanced 361% since we first told you about them. The stock has generated a peak gain of 456%, making it one of the 31 recommendations we’ve made to you that have doubled or better since we launched Private Briefing in August 2011. (More on that later…)


Top News- Money Morning - Only the News You Can Profit From.

  • Overseas Sales Send McDonald’s Shares to Premium Menu

    By Mike Caggeso Associate Editor Near double-digit sales growth overseas and relative domestic strength helped McDonald's Corp. (MCD) post 7.7% same-store sales growth in May. Same-store sales for the fast-food chain jumped 9.6% in Europe and 9.7% in Asia, the Middle East and Africa. Stateside, same-store domestic sales moved 4.3%, fairly strong considering that U.S. […]

  • IEA Demands $45 Trillion Investment in Clean Technology

    By Jennifer YousfiManaging Editor The world must spend $45 trillion to cut its dependence on oil and reduce greenhouse gasses, the International Energy Agency (IEA) said Friday. According to the IEA countries must commit 1.1% of projected total global gross domestic product (GDP) to develop sufficient clean energy technology by 2030. "Carbon emissions must be […]

  • Special Report: Six Ways to Profit From the One-Two Punch of Soaring Oil Prices and Zooming Inflation

    By William Patalon IIIAnd Jason Simpkins Money Morning Editors Oil prices have resumed their northward climb. And inflation has returned to the American lexicon for the first time in decades. For U.S. consumers, there's no way to dodge the financial fallout of that economic one-two punch. But for U.S investors willing to make some shrewd […]

  • BP Exec Questioned in Corporate Tax Probe as Russia Reclaims its Energy Sector

    By Jason SimpkinsAssociate Editor Russian authorities have issued a summons to Robert Dudley, Chief Executive of BP PLC's (ADR: BP) regional joint venture TNK-BP Holding, as part of a tax probe into OAO TNK's activities between 2001 and 2003. While BP was quick to write the summons off as a "routine procedural matter," analysts see […]

  • ECB Stands Firm Against Inflation

    By Jennifer YousfiManaging Editor After voting to hold rates steady at its monthly meeting yesterday (Thursday), European Central Bank (ECB) President Jean-Claude Trichet said a rate hike in July is "possible." Inflation in the Eurozone is running at a 16-year high.  And on Wednesday, the Organisation for Economic Cooperation and Development (OECD) boosted its inflation […]

  • Verizon to Buy Alltel for $28 Billion, Vaults Past AT&T as No. 1 U.S. Mobile Provider

    By Mike Caggeso Associate Editor Verizon Wireless has agreed to buy Alltel Corp. (PINK: ALTEO) for $28.1 billion in a deal that should vault Verizon past AT&T Inc. (T) as the country's No. 1 mobile phone company. Verizon Wireless is 55% owned by Verizon Communications Inc. (VZ) and 45% owned by Britian's Vodaphone Group PLC […]

  • U.N. Calls for Increased Cooperation to Fight Growing Global Food Crisis

    By Jennifer YousfiManaging Editor The United Nations announced yesterday (Wednesday) that an additional $20 billion would be needed each year to combat global hunger. On the second day of a three-day summit hosted by the U.N.'s Food and Agriculture Organization in Rome, leaders from 40 nations and representatives from 183 countries met to address the […]

  • India Fuels Inflation by Bailing Out Refineries

    By Jason SimpkinsAssociate Editor Soaring oil prices have forced Indian authorities to raise subsidized fuel prices and risk propelling inflation that is already running at a three-year high.  The Indian government subsidizes most fuel costs, meaning state oil firms are forced to sell fuel at hugely discounted rates to shield consumers from inflation. But with […]

  • Kuwait Sovereign Wealth Fund Considering Bigger Citigroup and Merrill Stakes

    By Mike Caggeso Associate Editor Struggling U.S. financials Citigroup Inc. (C) and Merrill Lynch & Co. Inc. (MER) may get another equity injection from state-owned Kuwait Investment Authority (KIA), the fund's managing director told Reuters. Their valuations would make it tempting – as both firms are trading near their 52-week lows – but Bader al-Saad […]

  • Fed Chair Comments Boost Greenback

    By Jennifer YousfiManaging Editor U.S. Federal Reserve Chairman Ben S. Bernanke came out in support of a stronger U.S. dollar yesterday (Tuesday), indicating the Fed would remain on pause at its next meeting. Speaking via satellite at the International Monetary Conference in Barcelona, Spain, Bernanke said the Fed is working with the Treasury to "carefully […]