Genuine Parts Company (GPC): Today's Featured Wholesale Laggard
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.
(
) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole closed the day up 1.0%. By the end of trading, Genuine Parts Company fell $1.79 (-2.1%) to $82.34 on heavy volume. Throughout the day, 2,099,710 shares of Genuine Parts Company exchanged hands as compared to its average daily volume of 797,300 shares. The stock ranged in price between $81.10-$84.61 after having opened the day at $82.99 as compared to the previous trading day's close of $84.13. Other companies within the Wholesale industry that declined today were:
(
), down 2.5% and
Taitron Components Inc. Class A
(
), down 2.2%.
Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, the Dominican Republic, Mexico, and Canada. Genuine Parts Company has a market cap of $13.0 billion and is part of the services sector. Shares are up 32.3% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Genuine Parts Company a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Genuine Parts Company
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Genuine Parts Company Ratings Report.
On the positive front,
Aegean Marine Petroleum Network
(
), up 11.4%,
(
), up 7.7%,
(
), up 5.8% and
(
), up 4.9% , were all gainers within the wholesale industry with
(
) being today's featured wholesale industry leader.
- Use our wholesale section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the wholesale industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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