SOURCE: World Street Fundamentals

October 04, 2011 09:00 ET

Analyst View, Impact of Global Events - Research Report on Seattle Genetics, Inc. and Abbott Laboratories

HONG KONG--(Marketwire - Oct 4, 2011) - Today, www.WorldStreetFundamentals.com released its industry report highlighting Seattle Genetics, Inc. (NASDAQ: SGEN) and Abbott Laboratories (NYSE: ABT). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php?id=SGEN+ABT.

Short-term outlooks within US and global economies continue to adjust downward, as US Treasury yields touched their lowest levels in over 65 years. International Monetary Fund downgraded estimates for US growth by 1.0% this year, down from 2.5%. 'Significant downside risks' to the US economy were confirmed by the Federal Reserve pressured by 'strains in global financial markets.'

As the US dollar trades above an eight-month high against the Euro, it highlights a deepening of the Eurozone sovereign debt crisis -- furthered by continued policy inaction from European governments. We expect continued volatility until economic data stabilizes and we see decisive policy action to deal with the Eurozone debt crisis.

Our members are preparing for a turn in tides. Currently, the Credit Suisse Risk Appetite Indicator is at a 30-year low. For the past three occurrences, this level has acted as a leading indicator of large stock market rallies 18 months following.

World Street Fundamentals has highlighted Seattle Genetics, Inc. for its current position within the healthcare industry. Seattle Genetics, Inc. (Seattle Genetics) is a clinical stage biotechnology company focused on the development and commercialization of monoclonal antibody-based therapies for cancer and autoimmune diseases. The entire report on Seattle Genetics, Inc. (NASDAQ: SGEN) is available here: www.WorldStreetFundamentals.com/Report.php?id=SGEN.

World Street has featured Abbott Laboratories for its development within the healthcare industry. Abbott Laboratories is engaged in discovery, development, manufacture, and sale of diversified line of healthcare products. The entire report on Abbott Laboratories (NYSE: ABT) is available here: www.WorldStreetFundamentals.com/Report.php?id=ABT.

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