October 4, 2018

Mallinckrodt Pharmaceuticals Is In Need Of Its Own Medicine

Both biotech and healthcare stocks were sharply lower overall in today’s session. Overall, US equities markets sold sharply off recent all-time highs as reality finally set in that interest rates would likely continue higher due to persistently positive economic data. One stock hit particularly hard today is Mallinckrodt (MNK), which traded down over 17.50%. Besides the overall weakness in the healthcare sector weighing on the stock’s price, the company was also hit by negative news regarding its second best-selling product. Here’s what happened.

about the author:

Mike Patton

Mike Patton took the leap into the markets beginning as a commodities broker in 2005, where he was responsible for identifying trading opportunities and executing trades on behalf of clients. After years as a broker he made the jump to education by joining the team at Trading Advantage, now Prosper Trading Academy.

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April 6, 2026

Q1 Earnings Season Preview: What To Expect

As we start a brand new quarter in 2026, it also resets the earnings cycle for companies to report their quarterly results — and I believe that Q1 Earnings Season could have a lot in store. Q4 earnings season at the start of the year gave traders a lot to process. It also set the […]

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April 3, 2026

March 2026 Jobs Report: The Good, Bad, & Unexpected

The March 2026 Jobs Report was among the most anticipated ones in recent memory. Right now, the economy is being shaped by a number of factors: These current circumstances — combined with February’s bad jobs report — had traders preparing for the worst. Fortunately, the March 2026 Jobs Report looked much better than expected…at least […]

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January 21, 2026

Could Penny Stocks Be The Big Play In 2026?

Written By: Howard Greenberg As everyday traders put their trading plans into action for 2026, penny stocks might not be on many of their radars. It’s totally understandable why penny stocks may not appeal to the more calculated seasoned traders. Their reputations for susceptibility to manipulation, extreme volatility, and low liquidity make them way too […]

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May 29, 2026

SNOW Jumped 35 Percent: Here’s Why Timing Matters

Snowflake Inc. (SNOW) jumped 35% this week after a massive earnings beat. While a move like this creates excitement, it could also contain a hidden danger for traders who act too quickly. The options market tends to behave in a specific way after a gap-up like this that can catch a lot of traders off […]

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May 27, 2026

Micron: Scott’s Neutral Trade Idea For A Trillion Dollar Stock

Micron Technology Inc. (MU) is the latest stock to hit a $1 trillion market cap. The stock has been on a wild ride in 2026. It’s up over 190% this year, with price swings over 20% unfolding in a matter of days. The bottom line? Micron might be worth $1 trillion… but lately, it’s been […]

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May 25, 2026

The Week Ahead: Honor & Memory

Memorial Day is a day to pause, reflect and remember the ultimate sacrifices made by our nation’s heroes. One of my favorite quotes regarding Memorial Day is: “All gave some; some gave all. Remember them this Memorial Day.” There is much to talk about in The Week Ahead so grab a cup of coffee and enjoy. This week, the […]

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