Originally Posted by :
May 01, 2020 - BlackRock Inc. has filed a 13F-HR form disclosing ownership of 823,190 shares of iBio Inc. (AMEX:IBIO) with total holdings valued at $872,000 USD as of March 31, 2020.
BlackRock Inc. had filed a previous 13F-HR on February 13, 2020 disclosing 734,133 shares of iBio Inc. at a value of $183,000 USD. This represents a change in shares of 12.13 percent and a change in value of 376.50 percent during the quarter.
Update (2:30 p.m.): Musk has told The Wall Street Journal that he wasn't joking and his tweets weren't vetted before he posted them. Tesla is down 9.8%.
Originally Posted by ChiliConCarnage:
I've noticed this too and wondered. Take a day 3 years ago where the S&P was up 1% the NASDAQ would be up 1.7%. Vice versa for down. It's always been more volatile so I wondered why it was holding up better.
I knew it was tech heavy and excluded financials. Looking through that list, it looks like it's outperforming more by avoiding downside than gaining upside. It's out performance is based on stocks it doesn't include
It has no
Financials (Bank of America is down 40%)
Oil and Gas (complete massacre)
1 airline, 1 travel company, 1 hotel, and 1 closed retailer that's been mauled (Ulta 50% down)
Any grouping of stocks that avoided the major blast zones would be outperforming. It does have a lot of MSFT & AMZN and they've been lucky to benefit from the coronavirus situation. The big 5 or so tech stocks are all very safe and cash flush and you'd expect money to flock to safety.
I've been looking enviously at Nasdaq returns for the past three years and pondering modeling my portfolio in that direction. But I wonder how much of that outperformance is due to the FAANG stocks. [Reply]
