This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Spartan Stores Inc. (SPTN): Today's Featured Wholesale Winner

The wholesale industry closed the day down 2.3%. China Auto Logistics Inc ( CALI), GTSI Corporation ( GTSI), and Amcon Distributing Company ( DIT) were all winners today within the wholesale industry with Spartan Stores Inc ( SPTN) being today's featured wholesale winner. Spartan Stores Inc rose 25 cents (1.6%) to $15.52 on light volume. Throughout the day, 61,465 shares of Spartan Stores Inc exchanged hands as compared to its average daily volume of 153,900 shares.

Spartan Stores, Inc. operates as a grocery distributor and grocery retailer principally in Michigan and Indiana. The company operates in two segments, Distribution and Retail. Spartan Stores Inc has a market cap of $344.2 million and is part of the services sector. The company has a P/E ratio of 10.5, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 9.9% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Spartan Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, increase in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Rada Electronics Industries Inc ( RADA), China Armco Metals Inc ( CNAM), Westinghouse Solar Inc ( WEST), and China Metro-Rural Holdings ( CNR) were all losers within the wholesale industry with Audiovox Corporation ( VOXX) being today's wholesale industry Loser Spotlight stock.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the wholesale industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
Submit an article to us!
DOW 16,711.15 +249.83 1.52%
S&P 500 1,954.57 +27.46 1.42%
NASDAQ 4,458.5230 +75.6760 1.73%

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs