3 Stocks Dragging The Drugs Industry Downward
Two out of the three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 71 points (0.4%) at 17,316 as of Monday, Nov. 16, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,543 issues advancing vs. 1,341 declining with 209 unchanged.
The Drugs industry currently sits down 2.2% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include
(
), down 4.4%,
(
), down 4.3%,
(
), down 1.4% and
(
), down 0.7%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Drugs industry lower today. As of noon trading, Celgene is down $1.34 (-1.2%) to $106.16 on light volume. Thus far, 1.9 million shares of Celgene exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $105.67-$108.18 after having opened the day at $107.68 as compared to the previous trading day's close of $107.49.
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Celgene Corporation, a biopharmaceutical company, discovers, develops, and commercializes therapies to treat cancer and inflammatory diseases in the United States and Internationally. Celgene has a market cap of $85.7 billion and is part of the health care sector. Shares are down 3.9% year-to-date as of the close of trading on Friday. Currently there are 13 analysts that rate Celgene a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Celgene
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
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2. As of noon trading,
Valeant Pharmaceuticals International
(
) is down $2.91 (-3.9%) to $72.50 on light volume. Thus far, 3.6 million shares of Valeant Pharmaceuticals International exchanged hands as compared to its average daily volume of 11.5 million shares. The stock has ranged in price between $72.30-$75.69 after having opened the day at $74.49 as compared to the previous trading day's close of $75.41.
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Valeant Pharmaceuticals International, Inc. develops, manufactures, and markets pharmaceuticals, over-the-counter products, and medical devices worldwide. Valeant Pharmaceuticals International has a market cap of $25.3 billion and is part of the health care sector. Shares are down 47.3% year-to-date as of the close of trading on Friday. Currently there are 10 analysts that rate Valeant Pharmaceuticals International a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Valeant Pharmaceuticals International
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and generally higher debt management risk. Get the full
Valeant Pharmaceuticals International Ratings Report
now.
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1. As of noon trading,
(
) is down $0.28 (-0.8%) to $32.99 on light volume. Thus far, 7.7 million shares of Pfizer exchanged hands as compared to its average daily volume of 29.2 million shares. The stock has ranged in price between $32.91-$33.41 after having opened the day at $33.30 as compared to the previous trading day's close of $33.27.
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Pfizer Inc., a biopharmaceutical company, discovers, develops, manufactures, and sells healthcare products worldwide. Pfizer has a market cap of $206.1 billion and is part of the health care sector. Shares are up 6.8% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate Pfizer a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Pfizer
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings 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
(
) while those bearish on the drugs industry could consider
ProShares UltraShort Nasdaq Biotech
(
).