3 Stocks Pushing The Health Care Sector Higher

TheStreet highlights 3 stocks pushing the health care sector higher today.
By TheStreet Wire ,

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 44 points (-0.2%) at 17,874 as of Wednesday, Nov. 4, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,080 issues advancing vs. 1,836 declining with 168 unchanged.

The Health Care sector currently sits down 0.2% versus the S&P 500, which is down 0.4%. A company within the sector that increased today was

Becton Dickinson

(

BDX

), up 2.2%. On the negative front, top decliners within the sector include

WellCare Health Plans

(

WCG

), down 10.2%,

Regeneron Pharmaceuticals

(

REGN

), down 4.4%,

Vertex Pharmaceuticals

(

VRTX

), down 4.2%,

Aetna

(

AET

), down 3.9% and

Fresenius Medical Care AG & Co. KGaA

(

FMS

), down 3.5%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3.

Perrigo

(

PRGO

) is one of the companies pushing the Health Care sector higher today. As of noon trading, Perrigo is up $1.83 (1.1%) to $161.57 on average volume. Thus far, 661,011 shares of Perrigo exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $159.57-$162.64 after having opened the day at $161.15 as compared to the previous trading day's close of $159.74.

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Perrigo Company plc, through its subsidiaries, develops, manufactures, and markets over-the-counter (OTC) consumer goods and pharmaceutical products worldwide. Perrigo has a market cap of $23.3 billion and is part of the drugs industry. Shares are down 4.4% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Perrigo a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Perrigo

as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full

Perrigo Ratings Report

now.

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2. As of noon trading,

AbbVie

(

ABBV

) is up $0.74 (1.2%) to $63.17 on light volume. Thus far, 4.2 million shares of AbbVie exchanged hands as compared to its average daily volume of 11.8 million shares. The stock has ranged in price between $62.30-$64.00 after having opened the day at $62.43 as compared to the previous trading day's close of $62.43.

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AbbVie Inc. discovers, develops, manufactures, and sells pharmaceutical products worldwide. AbbVie has a market cap of $104.9 billion and is part of the drugs industry. Shares are down 4.6% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate AbbVie a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

AbbVie

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and growth in earnings per share. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full

AbbVie Ratings Report

now.

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1. As of noon trading,

Alibaba Group

(

BABA

) is up $1.20 (1.4%) to $84.64 on average volume. Thus far, 8.6 million shares of Alibaba Group exchanged hands as compared to its average daily volume of 19.7 million shares. The stock has ranged in price between $84.03-$84.94 after having opened the day at $84.47 as compared to the previous trading day's close of $83.44.

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Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. Alibaba Group has a market cap of $210.5 billion and is part of the specialty retail industry. Shares are down 19.7% year-to-date as of the close of trading on Tuesday. Currently there are 17 analysts who rate Alibaba Group a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

Alibaba Group

as a

sell

. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself. Get the full

Alibaba Group Ratings Report

now.

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If you are interested in one of these 3 stocks, 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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