3 Drugs Stocks On The Rise

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 3 points (0.0%) at 16,495 as of Monday, May 19, 2014, 1:10 PM ET. The NYSE advances/declines ratio sits at 1,891 issues advancing vs. 1,078 declining with 163 unchanged.

The Drugs industry currently sits up 0.7% versus the S&P 500, which is up 0.3%. Top gainers within the industry include Illumina ( ILMN), up 3.6%, and Pfizer ( PFE), up 1.3%.

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

3. Abbott Laboratories ( ABT) is one of the companies pushing the Drugs industry higher today. As of noon trading, Abbott Laboratories is up $0.54 (1.4%) to $39.60 on average volume. Thus far, 3.1 million shares of Abbott Laboratories exchanged hands as compared to its average daily volume of 7.6 million shares. The stock has ranged in price between $39.56-$39.94 after having opened the day at $39.62 as compared to the previous trading day's close of $39.06.

Abbott Laboratories is engaged in the discovery, development, manufacture, and sale of health care products worldwide. Abbott Laboratories has a market cap of $58.9 billion and is part of the health care sector. Shares are up 1.9% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate Abbott Laboratories a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Abbott Laboratories as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and relatively poor performance when compared with the S&P 500 during the past year. Get the full Abbott Laboratories Ratings Report now.

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