3 Stocks Raising The Retail Industry Higher
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 24 points (0.1%) at 17,741 as of Thursday, March 31, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,790 issues advancing vs. 1,130 declining with 157 unchanged.
The Retail industry currently sits up 0.7% versus the S&P 500, which is up 0.1%. Top gainers within the industry include
(
), up 2.9%,
(
), up 2.5% and
(
TheStreet Recommends
), up 0.9%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Retail industry higher today. As of noon trading, Wayfair is up $2.56 (6.3%) to $43.34 on average volume. Thus far, 657,312 shares of Wayfair exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $41.14-$43.90 after having opened the day at $41.14 as compared to the previous trading day's close of $40.78.
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Wayfair Inc. engages in the e-commerce business in the United States. It offers approximately seven million products for the home under various brands. Wayfair has a market cap of $3.7 billion and is part of the services sector. Shares are down 14.4% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who rate Wayfair a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Wayfair
as a
. Among the areas we feel are negative, one of the most important has been poor profit margins. Get the full
now.
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2. As of noon trading,
(
) is up $1.28 (4.0%) to $32.85 on average volume. Thus far, 2.8 million shares of Best Buy exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $31.92-$32.98 after having opened the day at $31.92 as compared to the previous trading day's close of $31.57.
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Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company operates through two reportable segments, Domestic and International. Best Buy has a market cap of $10.3 billion and is part of the services sector. Shares are up 3.7% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who rate Best Buy a buy, 2 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Best Buy
as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
now.
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1. As of noon trading,
(
) is up $0.67 (0.8%) to $84.30 on light volume. Thus far, 1.7 million shares of Walgreens Boots Alliance exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $83.70-$84.40 after having opened the day at $83.83 as compared to the previous trading day's close of $83.63.
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Walgreens Boots Alliance, Inc. operates as a pharmacy-led health and wellbeing company. The company operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. Walgreens Boots Alliance has a market cap of $89.6 billion and is part of the services sector. Shares are down 1.8% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts who rate Walgreens Boots Alliance a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Walgreens Boots Alliance
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
Walgreens Boots Alliance Ratings Report
now.
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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the retail industry could consider
(
) while those bearish on the retail industry could consider
ProShares Ultra Sht Consumer Goods
(
).
