3 Stocks Dragging The Wholesale Industry Downward

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 21 points (-0.1%) at 14,492 as of Monday, March 18, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,220 issues advancing vs. 1,709 declining with 121 unchanged.

The Wholesale industry currently sits up 0.1% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was Global Partners (GLP), up 2.9%.

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

3. Magna International (MGA) is one of the companies pushing the Wholesale industry lower today. As of noon trading, Magna International is down $0.45 (-0.8%) to $56.10 on average volume Thus far, 302,797 shares of Magna International exchanged hands as compared to its average daily volume of 696,700 shares. The stock has ranged in price between $55.29-$56.16 after having opened the day at $55.99 as compared to the previous trading day's close of $56.55.

Magna International Inc. designs, develops, and manufactures automotive systems, assemblies, modules, and components; and engineers and assembles vehicles to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America, and Africa. Magna International has a market cap of $13.2 billion and is part of the services sector. The company has a P/E ratio of 9.6, below the S&P 500 P/E ratio of 17.7. Shares are up 13.1% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Magna International a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Magna International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Magna International Ratings Report now.

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