Celgene Corporation (CELG): 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.

Celgene Corporation ( CELG) pushed the Health Care sector higher today making it today's featured health care winner. The sector as a whole closed the day up 2.0%. By the end of trading, Celgene Corporation rose $1.91 (1.2%) to $165.84 on light volume. Throughout the day, 2,188,330 shares of Celgene Corporation exchanged hands as compared to its average daily volume of 3,024,200 shares. The stock ranged in a price between $163.82-$166.00 after having opened the day at $163.82 as compared to the previous trading day's close of $163.93. Other companies within the Health Care sector that increased today were: Aoxing Pharmaceutical Company ( AXN), up 55.9%, Prana Biotechnology ( PRAN), up 39.3%, Forest Laboratories ( FRX), up 27.5% and Skystar Bio-Pharmaceutical Company ( SKBI), up 13.4%.

Celgene Corporation discovers, develops, and commercializes therapies for cancer and immune-inflammatory related diseases in the United States and Europe. Celgene Corporation has a market cap of $66.6 billion and is part of the drugs industry. Shares are down 3.0% year to date as of the close of trading on Friday. Currently there are 24 analysts that rate Celgene Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Celgene Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, reasonable valuation levels, 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, IntelliPharmaCeutics International ( IPCI), down 9.7%, Escalon Medical Corporation ( ESMC), down 7.5%, iBio ( IBIO), down 6.0% and CAS Medical Systems ( CASM), down 5.5% , were all laggards within the health care sector with Mettler-Toledo International ( MTD) 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).

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