3 Stocks Pushing The Drugs Industry Higher

1. As of noon trading, Celgene Corporation (CELG) is up $0.72 (0.7%) to $110.90 on light volume Thus far, 1.2 million shares of Celgene Corporation exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $109.95-$111.80 after having opened the day at $110.73 as compared to the previous trading day's close of $110.18.

Celgene Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of various therapies to treat cancer and immune-inflammatory related diseases in the United States, Europe, and other countries. Celgene Corporation has a market cap of $46.1 billion and is part of the health care sector. The company has a P/E ratio of 33.3, above the S&P 500 P/E ratio of 17.7. Shares are up 40.2% year to date as of the close of trading on Thursday. Currently there are 23 analysts that rate Celgene Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Celgene Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Celgene Corporation Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the drugs industry could consider SPDR S&P Pharmaceuticals ETF (XPH) while those bearish on the drugs industry could consider ProShares UltraShort Nasdaq Biotech (BIS).

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.

« First ‹ Previous 1 2 3

For more information on Vertex Pharmaceuticals click any of the following:

• Vertex Pharmaceuticals Stock Price

• Vertex Pharmaceuticals Analyst Ratings

• Vertex Pharmaceuticals Key Stats & Profile

• Vertex Pharmaceuticals Earnings

• Vertex Pharmaceuticals Ratio Comparison

• Vertex Pharmaceuticals Growth Rates

• Vertex Pharmaceuticals Balance Sheet

• Vertex Pharmaceuticals Cash Flow

• Vertex Pharmaceuticals Income Statement