Actavis Inc (ACT): Today's Featured Health Care 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 Health Care sector higher today making it today's featured health care winner. The sector as a whole closed the day up 0.9%. By the end of trading, Actavis rose $3.26 (2.5%) to $135.37 on light volume. Throughout the day, 721,653 shares of Actavis exchanged hands as compared to its average daily volume of 1,193,700 shares. The stock ranged in a price between $131.56-$135.88 after having opened the day at $132.08 as compared to the previous trading day's close of $132.11. Other companies within the Health Care sector that increased today were: GW Pharmaceuticals PLC ADR ( GWPH), up 33.1%, Acasti Pharma ( ACST), up 15.4%, Pingtan Marine Enterprise ( PME), up 15.0% and Unilife Corporation ( UNIS), up 10.2%.

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 $18.0 billion and is part of the drugs industry. Shares are up 52.8% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Actavis a buy, no analysts rate it a sell, and 4 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 42.8%, Genvec ( GNVC), down 9.9%, IGI ( IG), down 9.6% and IntelliPharmaCeutics International ( IPCI), down 7.8% , were all laggards within the health care sector with Incyte ( INCY) being today's health care sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health care sector could consider Health Care Select Sector SPDR ( XLV) while those bearish on the health care sector could consider ProShares Ultra Short Health Care ( RXD).

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