3 Stocks Advancing The Drugs Industry

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 16,515 as of Thursday, April 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,645 issues advancing vs. 1,332 declining with 182 unchanged.

The Drugs industry currently sits up 0.1% versus the S&P 500, which is up 0.3%. A company within the industry that increased today was AstraZeneca ( AZN), up 3.0%. On the negative front, top decliners within the industry include Novartis ( NVS), down 1.8%, Eli Lilly and ( LLY), down 1.3%, Pfizer ( PFE), down 0.7% and Gilead ( GILD), down 0.5%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Alexion Pharmaceuticals ( ALXN) is one of the companies pushing the Drugs industry higher today. As of noon trading, Alexion Pharmaceuticals is up $6.04 (4.0%) to $158.26 on heavy volume. Thus far, 2.3 million shares of Alexion Pharmaceuticals exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $150.10-$163.50 after having opened the day at $158.35 as compared to the previous trading day's close of $152.23.

Alexion Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes life-transforming therapeutic products. Alexion Pharmaceuticals has a market cap of $30.9 billion and is part of the health care sector. Shares are up 14.6% year-to-date as of the close of trading on Wednesday. Currently there are 14 analysts who rate Alexion Pharmaceuticals a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Alexion Pharmaceuticals 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, good cash flow from operations, 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. Get the full Alexion Pharmaceuticals Ratings Report now.

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