3 Wholesale Stocks On The Rise
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 6 points (0.0%) at 17,753 as of Wednesday, Nov. 11, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,244 issues advancing vs. 1,682 declining with 165 unchanged.
The Wholesale industry currently sits down 0.3% versus the S&P 500, which is down 0.1%. A company within the industry that increased today was
(
), up 1.5%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Wholesale industry higher today. As of noon trading, Arrow Electronics is up $0.66 (1.1%) to $59.76 on light volume. Thus far, 191,423 shares of Arrow Electronics exchanged hands as compared to its average daily volume of 634,900 shares. The stock has ranged in price between $59.35-$59.91 after having opened the day at $59.35 as compared to the previous trading day's close of $59.10.
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Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. Arrow Electronics has a market cap of $5.6 billion and is part of the services sector. Shares are up 2.1% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Arrow Electronics a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Arrow Electronics
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Arrow Electronics Ratings Report
now.
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2. As of noon trading,
(
) is up $0.88 (1.1%) to $78.39 on light volume. Thus far, 160,650 shares of Tech Data exchanged hands as compared to its average daily volume of 536,000 shares. The stock has ranged in price between $77.66-$78.39 after having opened the day at $77.80 as compared to the previous trading day's close of $77.51.
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Tech Data Corporation engages in the wholesale distribution of technology products. Tech Data has a market cap of $2.7 billion and is part of the services sector. Shares are up 22.6% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Tech Data a buy, 3 analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Tech Data
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full
now.
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1. As of noon trading,
(
) is up $0.27 (0.6%) to $46.34 on light volume. Thus far, 139,705 shares of Avnet exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $46.04-$46.49 after having opened the day at $46.27 as compared to the previous trading day's close of $46.07.
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Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer and storage products, IT solutions and services, and embedded subsystems in the Americas, Europe, the Middle East, Africa, and the Asia/Pacific. Avnet has a market cap of $6.1 billion and is part of the services sector. Shares are up 7.1% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Avnet a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Avnet
as a
. 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, solid stock price performance, growth in earnings per share and attractive valuation levels. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider
iShares Dow Jones US Cons Goods
(
) while those bearish on the wholesale industry could consider
ProShares Ultra Sht Consumer Goods
(
).