Biogen Idec Inc (BIIB): Today's Featured Drugs Laggard

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.

Biogen Idec ( BIIB) pushed the Drugs industry lower today making it today's featured Drugs laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Biogen Idec fell $2.88 (-1.2%) to $227.70 on average volume. Throughout the day, 1,058,174 shares of Biogen Idec exchanged hands as compared to its average daily volume of 1,316,500 shares. The stock ranged in price between $226.02-$231.72 after having opened the day at $229.81 as compared to the previous trading day's close of $230.58. Other companies within the Drugs industry that declined today were: Agenus ( AGEN), down 23.4%, Genvec ( GNVC), down 10.4%, Vivus ( VVUS), down 8.9% and China Pharma ( CPHI), down 8.5%.

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 $52.7 billion and is part of the health care sector. Shares are up 51.5% year to date as of the close of trading on Wednesday. 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.

On the positive front, GW Pharmaceuticals PLC ADR ( GWPH), up 89.3%, Rockwell Medical ( RMTI), up 32.5%, Echo Therapeutics ( ECTE), up 12.9% and Portola Pharmaceuticals ( PTLA), up 12.6% , were all gainers within the drugs industry with Biomarin Pharmaceutical ( BMRN) being today's featured drugs industry leader.

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).

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