Magna International Inc. (MGA): Today's Featured Wholesale Laggard

Magna International was a leading decliner within the wholesale industry, falling $1.58 (-2.1%) to $73.02 on average volume
By TheStreet Wire ,

Magna International

(

MGA

) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Magna International fell $1.58 (-2.1%) to $73.02 on average volume. Throughout the day, 694,468 shares of Magna International exchanged hands as compared to its average daily volume of 728,000 shares. The stock ranged in price between $72.73-$74.70 after having opened the day at $74.66 as compared to the previous trading day's close of $74.60. Other companies within the Wholesale industry that declined today were:

China Metro-Rural Holdings

(

CNR

), down 5.0%,

Universal Power Group

(

UPG

), down 4.1%,

Bluelinx Holdings

(

BXC

), down 3.7% and

VOXX International

(

VOXX

), down 2.9%.

Magna International Inc. designs, develops, manufactures, and engineers automotive systems and components to original equipment manufacturers primarily in North America, Europe, and internationally. Magna International has a market cap of $17.5 billion and is part of the services sector. Shares are up 50.3% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Magna International a buy, 1 analyst rates it a sell, and 3 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 increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front,

InfoSonics Corporation

(

IFON

), up 13.8%,

Armco Metals Holdings

(

CNAM

), up 7.0%,

Taitron Components Inc. Class A

(

TAIT

), up 3.0% and

Owens & Minor

(

OMI

), up 1.9%.

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

(

IYK

) while those bearish on the wholesale industry could consider

ProShares Ultra Sht Consumer Goods

(

SZK

).

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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