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Biotech could be best pick ‘in a world where there’s no value’: Investor

Biotech stocks this week hit their highest levels since January, and some analysts say the stocks have room to run.

The iShares Nasdaq biotechnology index (IBB), which tracks the performance of biotech and pharmaceutical companies listed on the Nasdaq, hit its highest levels in seven months on Thursday.

"We believe that you're going to see consistent revenue growth, as well as improvement within operating margins over the next three to five years," said Chad Morganlander, portfolio manager with Stifel Nicolaus.

"In a world where there's no value, this one, certainly, I would serve up...


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