3 Stocks Pushing The Health Care Sector Lower
1. As of noon trading, Bristol-Myers Squibb Company ( BMY) is down $0.17 (-0.5%) to $32.06 on light volume Thus far, 2.7 million shares of Bristol-Myers Squibb Company exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $32.01-$32.25 after having opened the day at $32.14 as compared to the previous trading day's close of $32.23. Bristol-Myers Squibb Company, a biopharmaceutical company, engages in the discovery, development, licensing, manufacturing, marketing, distribution, and sale of biopharmaceutical products that help patients prevail over serious diseases worldwide. Bristol-Myers Squibb Company has a market cap of $53.0 billion and is part of the drugs industry. The company has a P/E ratio of 28.9, above the S&P 500 P/E ratio of 17.7. Shares are down 8.5% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Bristol-Myers Squibb Company a buy, 1 analyst rates it a sell, and 11 rate it a hold. TheStreet Ratings rates Bristol-Myers Squibb Company as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Bristol-Myers Squibb Company Ratings Report now. If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the health care sector could consider Health Care Select Sector SPDR ( XLV) while those bearish on the health care sector could consider ProShares Ultra Short Health Care ( RXD). A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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