Diamonds and Dogs
Mylan (MYL) in Amazon's crosshairs? The generic drug maker rose 4% today after gaining FDA approval for a generic blood thinner drug. The stock also got a lift from rumors Amazon has held 'exploratory talks' with generic-drug makers including Mylan. I guess that is the next logical step for Amazon in their quest for world domination.
Chip stocks took it on the chin. After rallying over 40% year to date, the chip sector took it on the chin this week. Micron (MU) fell a percent today and 15% for the week. NVidia (NVDA) fell a percent today and 9% for the week. Broadcom (AVGO) and Qualcomm both dropped over a 1% as any possible takeover has been delayed until the New Year.