3 Stocks Pushing The Drugs Industry Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.4%) at 13,942 as of Monday, Feb. 25, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,301 issues advancing vs. 1,576 declining with 144 unchanged.

The Drugs industry currently sits down 0.7% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include GlaxoSmithKline ( GSK), down 1.2%, and Celgene Corporation ( CELG), down 0.8%. Top gainers within the industry include Gilead ( GILD), up 1.3%, Novartis ( NVS), up 0.6% and Novo Nordisk A/S ( NVO), up 0.6%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Affymax ( AFFY) is one of the companies pushing the Drugs industry lower today. As of noon trading, Affymax is down $14.11 (-85.4%) to $2.41 on heavy volume Thus far, 42.7 million shares of Affymax exchanged hands as compared to its average daily volume of 850,300 shares. The stock has ranged in price between $2.34-$2.75 after having opened the day at $2.49 as compared to the previous trading day's close of $16.52.

Affymax, Inc., a biopharmaceutical company, engages in the development of drugs for the treatment of serious and life-threatening conditions in the United States. It offers OMONTYS (peginesatide) Injection for the treatment of anemia in chronic kidney disease in adult patients on dialysis. Affymax has a market cap of $597.3 million and is part of the health care sector. Shares are down 15.4% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Affymax a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Affymax as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow, disappointing return on equity and feeble growth in its earnings per share. Get the full Affymax Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

2. As of noon trading, Sanofi ( SNY) is down $0.41 (-0.8%) to $47.87 on average volume Thus far, 1.2 million shares of Sanofi exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $47.78-$49.02 after having opened the day at $48.99 as compared to the previous trading day's close of $48.28.

Sanofi researches, develops, manufactures, and markets healthcare products worldwide. Sanofi has a market cap of $125.1 billion and is part of the health care sector. The company has a P/E ratio of 25.4, above the S&P 500 P/E ratio of 17.7. Shares are down 0.1% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Sanofi a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Sanofi as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Sanofi Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

1. As of noon trading, Pfizer ( PFE) is down $0.25 (-0.9%) to $27.13 on average volume Thus far, 14.5 million shares of Pfizer exchanged hands as compared to its average daily volume of 32.4 million shares. The stock has ranged in price between $27.09-$27.35 after having opened the day at $27.21 as compared to the previous trading day's close of $27.38.

Pfizer Inc., a biopharmaceutical company, engages in the discovery, development, manufacture, and sale of medicines for people and animals worldwide. Pfizer has a market cap of $201.8 billion and is part of the health care sector. The company has a P/E ratio of 21.8, above the S&P 500 P/E ratio of 17.7. Shares are up 9.3% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Pfizer a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Pfizer as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Pfizer Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

If you are interested in one of these 4 stocks, 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).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
null

If you liked this article you might like

5 Breakout Stocks Ready to Surge Higher

5 Breakout Stocks Ready to Surge Higher

4 Hot Stocks to Trade (or Not)

4 Hot Stocks to Trade (or Not)

2 Drug Stocks Under $10 To Pick As Favorites

2 Drug Stocks Under $10 To Pick As Favorites

5 Big Stocks to Trade (or Not)

5 Big Stocks to Trade (or Not)

4 Biotech Stocks Under $5 to Watch

4 Biotech Stocks Under $5 to Watch