5 Drugs Stocks Nudging The Industry Higher

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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 100 points (0.7%) at 14,812 as of Monday, April 29, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,173 issues advancing vs. 733 declining with 124 unchanged.

The Drugs industry currently sits up 0.9% versus the S&P 500, which is up 0.8%. Top gainers within the industry include Watson Pharmaceuticals ( WPI), up 5.4%, Actavis ( ACT), up 5.5%, Novo Nordisk A/S ( NVO), up 2.1%, Pfizer ( PFE), up 1.4% and AstraZeneca ( AZN), up 1.1%. A company within the industry that fell today was Eli Lilly and Company ( LLY), up 0.69.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Valeant Pharmaceuticals International ( VRX) is one of the companies pushing the Drugs industry higher today. As of noon trading, Valeant Pharmaceuticals International is up $2.81 (3.84) to $75.97 on heavy volume Thus far, 2.4 million shares of Valeant Pharmaceuticals International exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $74.32-$76.57 after having opened the day at $75.18 as compared to the previous trading day's close of $73.16.

Valeant Pharmaceuticals International, Inc., a specialty pharmaceutical company, develops, manufactures, and markets pharmaceutical products and medical devices in the areas of neurology, dermatology, and branded generics. Valeant Pharmaceuticals International has a market cap of $22.4 billion and is part of the health care sector. Shares are up 22.4% year to date as of the close of trading on Friday.

TheStreet Ratings rates Valeant Pharmaceuticals International as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Valeant Pharmaceuticals International Ratings Report now.

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