5 Stocks Raising The Drugs Industry Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 70 points (0.5%) at 14,846 as of Wednesday, Aug. 28, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,865 issues advancing vs. 1,062 declining with 104 unchanged.

The Drugs industry currently sits up 0.5% versus the S&P 500, which is up 0.6%. Top gainers within the industry include Vertex Pharmaceuticals ( VRTX), up 1.8%, Valeant Pharmaceuticals International ( VRX), up 1.6%, Alexion Pharmaceuticals ( ALXN), up 1.4% and Eli Lilly and Company ( LLY), up 0.8%.

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

5. Biogen Idec ( BIIB) is one of the companies pushing the Drugs industry higher today. As of noon trading, Biogen Idec is up $2.93 (1.4%) to $210.58 on light volume. Thus far, 266,783 shares of Biogen Idec exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $206.60-$210.89 after having opened the day at $208.27 as compared to the previous trading day's close of $207.65.

Biogen Idec Inc. discovers, develops, manufactures, and markets therapies for the treatment of neurodegenerative diseases, hemophilia, and autoimmune disorders in the United States and internationally. Biogen Idec has a market cap of $50.5 billion and is part of the health care sector. Shares are up 45.1% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Biogen Idec a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Biogen Idec 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, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Biogen Idec Ratings Report now.

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