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4 Stocks Pushing The Wholesale Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 20 points (-0.2%) at 12,795 as of Monday, Nov. 12, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,283 issues advancing vs. 1,555 declining with 129 unchanged.

The Wholesale industry currently sits down 0.2% versus the S&P 500, which is down 0.1%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Watsco ( WSO) is one of the companies pushing the Wholesale industry higher today. As of noon trading, Watsco is up $1.52 (2.2%) to $71.15 on light volume Thus far, 88,695 shares of Watsco exchanged hands as compared to its average daily volume of 302,000 shares. The stock has ranged in price between $69.64-$71.19 after having opened the day at $69.65 as compared to the previous trading day's close of $69.63.

Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, and refrigeration equipment in the United States. Watsco has a market cap of $2.1 billion and is part of the services sector. The company has a P/E ratio of 23.3, above the S&P 500 P/E ratio of 17.7. Shares are up 6.6% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Watsco a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Watsco 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, growth in earnings per share, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Watsco Ratings Report now.

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