Illumina Inc. (ILMN): Today's Featured Health Care Laggard

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Illumina ( ILMN) pushed the Health Care sector lower today making it today's featured Health Care laggard. The sector as a whole closed the day down 1.3%. By the end of trading, Illumina fell $3.30 (-2.4%) to $131.94 on average volume. Throughout the day, 2,268,555 shares of Illumina exchanged hands as compared to its average daily volume of 2,375,100 shares. The stock ranged in price between $130.69-$138.40 after having opened the day at $135.71 as compared to the previous trading day's close of $135.24. Other companies within the Health Care sector that declined today were: 22nd Century Group ( XXII), down 22.3%, Tekmira Pharmaceuticals Corporation ( TKMR), down 19.3%, Atossa Genetics ( ATOS), down 15.8% and Retrophin ( RTRX), down 15.3%.

Illumina, Inc. develops, manufactures, and markets life science tools and integrated systems for the analysis of genetic variation and function in North America, Europe, Latin America, the Asia-Pacific, the Middle East, and South Africa. Illumina has a market cap of $17.4 billion and is part of the drugs industry. Shares are up 22.3% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Illumina a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Illumina as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Akebia Therapeutics ( AKBA), up 25.4%, Kindred Biosciences ( KIN), up 11.8%, Edwards Lifesciences Corporation ( EW), up 11.0% and Bacterin International Holdings ( BONE), up 9.5% , were all gainers within the health care sector with Alexion Pharmaceuticals ( ALXN) 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).

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