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Bristol-Myers Squibb Company (BMY): Drugs' Highlighted Dud Of The Day

Editor's Note: 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.

Bristol-Myers Squibb Company ( BMY) pushed the Drugs industry lower today making it today's featured Drugs laggard. The industry as a whole closed the day down 3%. By the end of trading, Bristol-Myers Squibb Company fell 67 cents (-1.6%) to $40.75 on average volume. Throughout the day, 8.8 million shares of Bristol-Myers Squibb Company exchanged hands as compared to its average daily volume of 9.7 million shares. The stock ranged in price between $40.70-$41.50 after having opened the day at $41.34 as compared to the previous trading day's close of $41.42. Other companies within the Drugs industry that declined today were: Discovery Laboratories ( DSCO), down 22.6%, Idera Pharmaceuticals ( IDRA), down 19.3%, Oxygen Biotherapeutics ( OXBT), down 13.9%, and Oramed Pharmaceuticals ( ORMP), down 11.7%.

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Bristol-Myers Squibb Company, a biopharmaceutical company, discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products that help patients prevail over serious diseases worldwide. Bristol-Myers Squibb Company has a market cap of $67.85 billion and is part of the health care sector. The company has a P/E ratio of 35.6, above the S&P 500 P/E ratio of 17.7. Shares are up 27.1% year to date as of the close of trading on Friday. Currently there are seven analysts that rate Bristol-Myers Squibb Company a buy, one analyst rates it a sell, and 13 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 expanding profit margins, solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

For investors not wanting singular stock exposure, 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).

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