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Amgen Inc (AMGN): Today's Featured Health Care Laggard

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

Amgen ( AMGN) pushed the Health Care sector lower today making it today's featured Health Care laggard. The sector as a whole closed the day down 0.4%. By the end of trading, Amgen fell $7.83 (-6.9%) to $104.93 on average volume. Throughout the day, 7,425,231 shares of Amgen exchanged hands as compared to its average daily volume of 5,203,400 shares. The stock ranged in price between $104.02-$108.37 after having opened the day at $106.67 as compared to the previous trading day's close of $112.76. Other companies within the Health Care sector that declined today were: Edwards Life ( EW), down 22.0%, Enzon Pharmaceuticals ( ENZN), down 11.2%, Spectranetics Corporation ( SPNC), down 10.0% and China Pharma ( CPHI), down 9.9%.

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Amgen Inc., a biotechnology medicines company, engages in the discovery, development, manufacture, and marketing of human therapeutic products in the areas of supportive cancer care, inflammation, nephrology, and bone diseases primarily in the United States, Europe, and Canada. Amgen has a market cap of $85.0 billion and is part of the drugs industry. The company has a P/E ratio of 20.5, above the S&P 500 P/E ratio of 17.7. Shares are up 31.6% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Amgen as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Insmed ( INSM), down 17.6%, Sucampo Pharmaceuticals Inc. A ( SCMP), down 16.7%, Biocryst Pharmaceuticals ( BCRX), down 11.7% and Neuralstem ( CUR), down 9.6% , were all gainers within the health care sector with Novo Nordisk A/S ( NVO) being today's featured health care sector leader.

For investors not wanting singular stock exposure, 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).

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