Last week on our roundup of the 2015 top stocks to invest in, we highlighted biotech stocks for their explosive growth in 2015 and their continued potential.
This week biotech stocks pulled back - which is a typical cycle for the sector around this time of year. From March 20 through March 26, the Nasdaq biotech index dipped 7%. The S&P biotech index dropped almost 11%. Nasdaq stocks fell 3.2% on the week after a hot start to 2015 where the index was up 6.1% and eclipsed the 5,000 mark for the first time since 2000.
But even for all the bears screaming "biotech bubble" right now, biotech ETFs like First Trust NYSE Arca Biotechnology Index Fund (NYSE Arca: FBT) are already rebounding. The FBT, after falling 7.6% in the past week, is already up 2.8% today (Friday).
Don't go sour on biotech stocks just because of this slight aberration in the markets. If anything, use this opportunity to buy on the dips.
Here's a look at our 2015 top stocks to invest in, a list that still features several biotech stocks even after this week's drubbing.
This past week, U.S. markets took a big hit. As of yesterday's close, the Dow and the S&P 500 had erased all their gains on the year, down 0.8% and 0.1%, respectively. The Nasdaq, which was having a great year, took an even bigger dive. Despite this, it's still up 2.7%. This week's Money Morning 2015 stock picks are still up big, and even after taking a beating this week, biotech stocks are still leading the pack.
Here are our top 10 stocks for year-to-date gains as of the March 26 closing price:
Name | Symbol | 2015 Gain % |
Prothena Corp. Plc | PRTA | 76.1% |
Lannett Co. Inc. | LCI | 53.5% |
Ambarella Inc. | AMBA | 35.1% |
U.S. Silica Holdings Inc. | SLCA | 32.6% |
Boston Scientific Corp. | BSX | 31.6% |
JD.Com Inc. | JD | 28.7% |
Valero Energy Corp. | VLO | 28.0% |
Skyworks Solutions Inc. | SWKS | 28.0% |
Novavax Inc. | NVAX | 27.8% |
Avago Technologies Ltd. | AVGO | 24.0% |
Sources: Google Finance, Money Morning Staff Research
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