BMY, AMGN And GILD, Pushing Drugs Industry Downward

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 28 points (0.2%) at 16,953 as of Monday, June 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,914 issues advancing vs. 1,041 declining with 157 unchanged.

The Drugs industry currently sits up 3.1% versus the S&P 500, which is up 0.2%. A company within the industry that fell today was Novo Nordisk A/S ( NVO), up 0.5%. Top gainers within the industry include Idenix Pharmaceuticals ( IDIX), up 232.4%, Alnylam Pharmaceuticals ( ALNY), up 8.2%, Pharmacyclics ( PCYC), up 5.7%, Vertex Pharmaceuticals ( VRTX), up 2.4% and Illumina ( ILMN), up 2.0%.

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

3. Bristol-Myers Squibb Company ( BMY) is one of the companies pushing the Drugs industry lower today. As of noon trading, Bristol-Myers Squibb Company is down $0.61 (-1.3%) to $46.64 on average volume. Thus far, 5.4 million shares of Bristol-Myers Squibb Company exchanged hands as compared to its average daily volume of 8.9 million shares. The stock has ranged in price between $46.61-$47.35 after having opened the day at $47.31 as compared to the previous trading day's close of $47.25.

Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. Bristol-Myers Squibb Company has a market cap of $78.2 billion and is part of the health care sector. Shares are down 11.1% year-to-date as of the close of trading on Friday. Currently there are 10 analysts that rate Bristol-Myers Squibb Company a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Bristol-Myers Squibb Company as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Bristol-Myers Squibb Company Ratings Report now.

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2. As of noon trading, Amgen ( AMGN) is down $0.80 (-0.7%) to $117.02 on light volume. Thus far, 1.0 million shares of Amgen exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $116.84-$117.79 after having opened the day at $117.47 as compared to the previous trading day's close of $117.82.

Amgen Inc., a biotechnology company, discovers, develops, manufactures, and delivers human therapeutics in the areas of oncology, hematology, inflammation, bone health, nephrology, cardiovascular, and general medicine worldwide. Amgen has a market cap of $89.1 billion and is part of the health care sector. Shares are up 3.3% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate Amgen a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Amgen as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, 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 Amgen Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1. As of noon trading, Gilead ( GILD) is down $3.25 (-3.9%) to $79.14 on heavy volume. Thus far, 14.5 million shares of Gilead exchanged hands as compared to its average daily volume of 16.5 million shares. The stock has ranged in price between $78.50-$81.50 after having opened the day at $81.39 as compared to the previous trading day's close of $82.39.

Gilead Sciences, Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines for the treatment of life threatening diseases in North America, South America, Europe, and the Asia-Pacific. Gilead has a market cap of $127.2 billion and is part of the health care sector. Shares are up 9.7% year-to-date as of the close of trading on Friday. Currently there are 17 analysts that rate Gilead a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Gilead as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Gilead Ratings Report now.

STOCKS TO BUY: 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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