Illumina is a large-cap company with a market capitalization of $20.6 billion.
Data from Best Stocks Now App
Admittedly on a valuation basis the stock does not look cheap with a trailing P/E of 113 and a forward P/E of 61X earnings. On a valuation basis, the stock receives a grade of C.
Data from Best Stocks Now App Overall, the stock has moved up in the rankings to #189 out of more than 3800+ stocks and receives a stock grade of A-. It is a company that offers opportunity for upside in this otherwise trendless market.
Data from Best Stocks Now App At the time of publication the author was long ILMN. Follow @billgunderson This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff. >>Read more: 5 Toxic Big Pharma Stocks You Need to Sell This Summer