CryoPort Inc (CYRX)

[hyperopia]

Oh c’mon CB, let’s have a political debate. Actually, I think a while back a few of us weighed in on this subject. If there is a recession and market sell-off, there will be a flight to quality and safety in both the bond and equity markets. High yield fixed instruments will become out of favor (for treasuries), as will previously hot stocks. In the equity markets, investors will flee from small cap high-flying biotech to large-cap consumer staples, utilities, and companies with stable earnings, And yes, there are some solid names in healthcare that will still do well in a recession, but If you’re asking if Cryoport is a company investors will flock to in this event (or even stay in), the answer is definitely not.

Cryoport is enjoying a very nice run lately and I think this is likely due to the Russell Effect and not the company’s fundamentals. This next week should be interesting, starting with ASCO this weekend and the preliminary index list next Friday.