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3 Wholesale Stocks Driving The Industry Higher

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 traded up today with the Dow Jones Industrial Average (^DJI) trading up 115 points (0.7%) at 16,699 as of Monday, May 12, 2014, 3:55 PM ET. The NYSE advances/declines ratio sits at 2,399 issues advancing vs. 608 declining with 135 unchanged.

The Wholesale industry as a whole closed the day up 2.4% versus the S&P 500, which was up 1.0%. Top gainers within the Wholesale industry included Rada Electronics Industries (RADA), up 4.8%, China Metro-Rural Holdings (CNR), up 21.9%, Watsco (WSO.B), up 1.9%, China Auto Logistics (CALI), up 5.7% and Bluelinx Holdings (BXC), up 18.9%.

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

Bluelinx Holdings (BXC) is one of the companies that pushed the Wholesale industry higher today. Bluelinx Holdings was up $0.21 (18.9%) to $1.32 on heavy volume. Throughout the day, 318,871 shares of Bluelinx Holdings exchanged hands as compared to its average daily volume of 154,600 shares. The stock ranged in a price between $1.15-$1.38 after having opened the day at $1.15 as compared to the previous trading day's close of $1.11.

Bluelinx Holdings has a market cap of $96.4 million and is part of the industrial goods sector. Shares are down 43.1% year-to-date as of the close of trading on Friday.

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

Highlights from TheStreet Ratings analysis on BXC go as follows:

You can view the full analysis from the report here: Bluelinx Holdings Ratings Report

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

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