Actavis Inc (ACT): Today's Featured Drugs Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Actavis ( ACT) pushed the Drugs industry higher today making it today's featured drugs winner. The industry as a whole closed the day up 0.1%. By the end of trading, Actavis rose $3.30 (2.5%) to $137.94 on average volume. Throughout the day, 1,858,921 shares of Actavis exchanged hands as compared to its average daily volume of 1,429,300 shares. The stock ranged in a price between $134.41-$139.10 after having opened the day at $134.41 as compared to the previous trading day's close of $134.64. Other companies within the Drugs industry that increased today were: Skystar Bio-Pharmaceutical Company ( SKBI), up 82.5%, Columbia Laboratories ( CBRX), up 17.1%, GW Pharmaceuticals PLC ADR ( GWPH), up 16.9% and Anacor Pharmaceuticals ( ANAC), up 15.9%.

Actavis, Inc., an integrated specialty pharmaceutical company, engages in developing, manufacturing, marketing, selling, and distributing generic, branded generic, brand, biosimilar, and over-the-counter pharmaceutical products worldwide. Actavis has a market cap of $17.7 billion and is part of the health care sector. Shares are up 54.9% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Actavis a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Actavis as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, 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.

On the negative front, Mast Therapeutics ( MSTX), down 42.2%, Osiris Therapeutics ( OSIR), down 11.8%, China Pharma ( CPHI), down 11.6% and Cardium Therapeutics ( CXM), down 11.1% , were all laggards within the drugs industry with Gilead ( GILD) being today's drugs industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Icahn Bets on Allergan's Brett Saunders in Post-Pfizer Era

What Bill Ackman's Voice Could Mean for the Valeant Board Room

What Bill Ackman's Voice Could Mean for the Valeant Board Room

Jim Cramer: There’s No Way We’ll See More Railroad M&A

Federal Reserve to Reassess Global Risks in Minutes on Wednesday

Can Allergan-Pfizer Survive Treasury's New Crackdown on Inversions?