Incyte Corp Ltd (INCY): Today's Featured Health Care 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.

Incyte ( INCY) pushed the Health Care sector lower today making it today's featured Health Care laggard. The sector as a whole closed the day up 0.7%. By the end of trading, Incyte fell $0.86 (-2.3%) to $36.39 on average volume. Throughout the day, 1,470,491 shares of Incyte exchanged hands as compared to its average daily volume of 1,635,100 shares. The stock ranged in price between $35.47-$36.85 after having opened the day at $36.75 as compared to the previous trading day's close of $37.25. Other companies within the Health Care sector that declined today were: AVANIR Pharmaceuticals ( AVNR), down 18.2%, Galena Biopharma ( GALE), down 14.9%, Galectin Therapeutics ( GALT), down 9.6% and ERBA Diagnostics ( ERB), down 9.2%.

Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary small molecule drugs for oncology and inflammation. Incyte has a market cap of $5.5 billion and is part of the drugs industry. Shares are up 117.8% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Incyte a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Incyte as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins, weak operating cash flow and feeble growth in its earnings per share.

On the positive front, GW Pharmaceuticals PLC ADR ( GWPH), up 55.8%, Lakeland Industries ( LAKE), up 34.9%, ViroPharma ( VPHM), up 28.4% and Rockwell Medical ( RMTI), up 22.8% , were all gainers within the health care sector with HCA Holdings ( HCA) being today's featured health care sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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