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Illumina Is How You Play Biotech Without Being in Biotech

Stocks in this article: ILMN

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

However, Illumina has been a top performer. This stock made a lot of money for my clients last year. The fundamental story is still intact. It has delivered outstanding performance over the last few years, earning it a performance grade of A.

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.

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

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