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.

All three major indices traded up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 128 points (0.8%) at 16,805 as of Friday, Oct. 24, 2014, 4:20 PM ET. The NYSE advances/declines ratio sits at 1,914 issues advancing vs. 1,162 declining with 133 unchanged.

The Wholesale industry as a whole closed the day up 0.5% versus the S&P 500, which was up 0.7%. Top gainers within the Wholesale industry included

Peerless Systems

(

PRLS

), up 6.3%,

Bluelinx Holdings

(

BXC

), up 2.5%,

Wayside Technology Group

(

WSTG

), up 1.9%,

Hudson Technologies

(

HDSN

), up 11.1% and

Lawson Products

(

LAWS

), up 2.4%.

TheStreet Ratings Group would like to highlight 3 stocks pushing the industry higher today:

Wayside Technology Group

(

WSTG

) is one of the companies that pushed the Wholesale industry higher today. Wayside Technology Group was up $0.31 (1.9%) to $16.82 on light volume. Throughout the day, 9,213 shares of Wayside Technology Group exchanged hands as compared to its average daily volume of 12,800 shares. The stock ranged in a price between $16.48-$16.90 after having opened the day at $16.74 as compared to the previous trading day's close of $16.51.

TheStreet Recommends

Wayside Technology Group, Inc. operates as an information technology channel company in the United States and Canada. The company resells computer software and hardware developed by others, as well as provides technical services to customers primarily in the United States and Canada. Wayside Technology Group has a market cap of $79.4 million and is part of the services sector. Shares are up 22.0% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Wayside Technology Group a buy, no analysts rate it a sell, and none rate it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings rates

Wayside Technology Group

as a

buy

. 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, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

Highlights from TheStreet Ratings analysis on WSTG go as follows:

  • WSTG's revenue growth has slightly outpaced the industry average of 5.7%. Since the same quarter one year prior, revenues rose by 13.9%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • WSTG has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. To add to this, WSTG has a quick ratio of 1.52, which demonstrates the ability of the company to cover short-term liquidity needs.
  • Net operating cash flow has significantly increased by 5138.46% to $2.62 million when compared to the same quarter last year. In addition, WAYSIDE TECHNOLOGY GROUP INC has also vastly surpassed the industry average cash flow growth rate of -24.29%.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, WAYSIDE TECHNOLOGY GROUP INC's return on equity exceeds that of both the industry average and the S&P 500.

You can view the full analysis from the report here:

Wayside Technology Group Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

At the close,

Bluelinx Holdings

(

BXC

) was up $0.03 (2.5%) to $1.25 on light volume. Throughout the day, 21,457 shares of Bluelinx Holdings exchanged hands as compared to its average daily volume of 98,000 shares. The stock ranged in a price between $1.23-$1.26 after having opened the day at $1.26 as compared to the previous trading day's close of $1.22.

Bluelinx Holdings has a market cap of $109.3 million and is part of the services sector. Shares are down 37.4% year-to-date as of the close of trading on Thursday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Peerless Systems

(

PRLS

) was another company that pushed the Wholesale industry higher today. Peerless Systems was up $0.28 (6.3%) to $4.69 on light volume. Throughout the day, 2,015 shares of Peerless Systems exchanged hands as compared to its average daily volume of 11,500 shares. The stock ranged in a price between $4.69-$4.69 after having opened the day at $4.69 as compared to the previous trading day's close of $4.41.

Peerless Systems Corporation develops and licenses software-based digital imaging and networking systems and supporting electronic technologies to original equipment manufacturers (OEMs) of digital document products located primarily in the United States and Japan. Peerless Systems has a market cap of $12.0 million and is part of the services sector. Shares are up 21.2% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Peerless Systems a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Peerless Systems as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow.

Highlights from TheStreet Ratings analysis on PRLS go as follows:

  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Software industry. The net income increased by 134.1% when compared to the same quarter one year prior, rising from -$0.40 million to $0.14 million.
  • The revenue fell significantly faster than the industry average of 11.5%. Since the same quarter one year prior, revenues fell by 32.8%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • Net operating cash flow has significantly decreased to -$0.41 million or 140.85% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Software industry and the overall market, PEERLESS SYSTEMS CORP's return on equity significantly trails that of both the industry average and the S&P 500.

You can view the full analysis from the report here:

Peerless Systems Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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.