McKesson Inc. (MCK): Today's Featured Wholesale Winner
(
) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day up 0.8%. By the end of trading, McKesson rose $1.34 (1.1%) to $118.23 on light volume. Throughout the day, 732,014 shares of McKesson exchanged hands as compared to its average daily volume of 1,211,100 shares. The stock ranged in a price between $117.76-$118.50 after having opened the day at $118.00 as compared to the previous trading day's close of $116.89. Other companies within the Wholesale industry that increased today were:
(
), up 6.3%,
Macquarie Infrastructure Company
(
), up 4.0%,
(
), up 3.9% and
(
), up 3.3%.
McKesson Corporation, together with its subsidiaries, delivers pharmaceuticals, medical supplies, and health care information technologies to the healthcare industry primarily in the United States. It operates in two segments, McKesson Distribution Solutions and McKesson Technology Solutions. McKesson has a market cap of $26.5 billion and is part of the services sector. Shares are up 20.6% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate McKesson a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
McKesson
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full McKesson Ratings Report.
On the negative front,
(
), down 5.5%,
(
), down 3.8%,
(
), down 2.6% and
(
), down 2.5%.
- 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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