Sector Trends: Oil & GasTwo more IPOs hit the market today. Mistras Group (NYSE:MG) opened at $12.30 a share and made a little headway. The company provides technology-enabled solutions that evaluate critical energy, industrial and public infrastructure. This is interesting, especially since we expect government stimulus spending on infrastructure to pick up next year. The other IPO was biotech Omeris (Nasdaq:OMER). It opened at $10 a share and quickly dropped 10%. I can't say I'm surprised. Biotechs move on news. And the bigger biotechs with products on the market, like Celgene (NYSE:CELG), Amgen (Nasdaq:AMGN) and even Gilead Sciences (Nasdaq:GILD), will follow the general trend. Small biotechs are a crapshoot. spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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