3 Drugs Stocks Moving The Industry Upward

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 129 points (-0.8%) at 16,373 as of Friday, April 25, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 935 issues advancing vs. 2,039 declining with 150 unchanged.

The Drugs industry currently sits down 2.3% versus the S&P 500, which is down 0.6%. Top gainers within the industry include Prestige Brands Holdings ( PBH), up 17.5%, and AbbVie ( ABBV), up 1.2%. On the negative front, top decliners within the industry include Cytokinetics ( CYTK), down 61.5%, Regeneron Pharmaceuticals ( REGN), down 2.5%, Actavis ( ACT), down 1.8%, Teva Pharmaceutical Industries ( TEVA), down 1.7% and Alexion Pharmaceuticals ( ALXN), down 1.1%.

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

3. Mylan ( MYL) is one of the companies pushing the Drugs industry higher today. As of noon trading, Mylan is up $1.46 (2.9%) to $51.81 on heavy volume. Thus far, 8.5 million shares of Mylan exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $49.06-$53.57 after having opened the day at $49.86 as compared to the previous trading day's close of $50.35.

Mylan Inc., a pharmaceutical company, develops, licenses, manufactures, markets, and distributes generic, branded generic, and specialty pharmaceuticals worldwide. It operates in two segments, Generics and Specialty. Mylan has a market cap of $18.7 billion and is part of the health care sector. Shares are up 16.0% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts who rate Mylan a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Mylan as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Mylan Ratings Report now.

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2. As of noon trading, Celgene ( CELG) is up $2.16 (1.5%) to $143.41 on average volume. Thus far, 2.4 million shares of Celgene exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $141.10-$144.72 after having opened the day at $141.26 as compared to the previous trading day's close of $141.25.

Celgene Corporation, a biopharmaceutical company, discovers, develops, and commercializes therapies to treat cancer and immune-inflammatory related diseases in the United States and internationally. Celgene has a market cap of $58.8 billion and is part of the health care sector. Shares are down 16.4% year-to-date as of the close of trading on Thursday. Currently there are 21 analysts who rate Celgene a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Celgene as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Celgene Ratings Report now.

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1. As of noon trading, Allergan ( AGN) is up $1.11 (0.7%) to $167.72 on average volume. Thus far, 2.6 million shares of Allergan exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $165.13-$167.91 after having opened the day at $166.41 as compared to the previous trading day's close of $166.61.

Allergan, Inc. operates as a multi-specialty health care company primarily in the United States, Europe, Latin America, and the Asia Pacific. Allergan has a market cap of $49.5 billion and is part of the health care sector. Shares are up 50.0% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts who rate Allergan a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Allergan 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, notable return on equity, good cash flow from operations 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 Allergan Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you are interested in one of these 3 stocks, 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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