Bristol-Myers Squibb Company (BMY): Today's Featured Drugs Winner

Bristol-Myers Squibb Company ( BMY) pushed the Drugs industry higher today making it today's featured drugs winner. The industry as a whole closed the day up 0.7%. By the end of trading, Bristol-Myers Squibb Company rose 54 cents (1.5%) to $35.97 on average volume. Throughout the day, 9.1 million shares of Bristol-Myers Squibb Company exchanged hands as compared to its average daily volume of 10.3 million shares. The stock ranged in a price between $35.43-$36.06 after having opened the day at $35.49 as compared to the previous trading day's close of $35.43. Other companies within the Drugs industry that increased today were: StemCells ( STEM), up 106.9%, Peregrine Pharmaceuticals ( PPHM), up 26.4%, Allos Therapeutics ( ALTH), up 21.7%, and Hemispherx Biopharma ( HEB), up 20.5%.

Bristol-Myers Squibb Company, a biopharmaceutical company, engages in the discovery, development, licensing, manufacturing, marketing, distribution, and sale of biopharmaceutical products that help patients prevail over serious diseases worldwide. Bristol-Myers Squibb Company has a market cap of $59.74 billion and is part of the health care sector. The company has a P/E ratio of 15.9, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 0.4% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Bristol-Myers Squibb Company a buy, one analyst rates it a sell, and nine rate it a hold.

TheStreet Ratings rates Bristol-Myers Squibb Company as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Savient Pharmaceuticals ( SVNT), down 15.5%, Rexahn Pharmaceuticals ( RNN), down 13.5%, Tekmira Pharmaceuticals Corporation ( TKMR), down 13.4%, and Biosante Pharmaceuticals ( BPAX), down 12.9%, were all losers within the drugs industry with Arena Pharmaceuticals ( ARNA) being today's drugs industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the drugs industry could consider SPDR S&P Pharmaceuticals ETF ( XPH) while those bearish on the drugs industry could consider ProShares UltraShort Nasdaq Biotech ( BIS).
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