3 Wholesale Stocks On The Rise
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 are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 32 points (-0.2%) at 17,036 as of Thursday, Sept. 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,537 issues advancing vs. 1,470 declining with 140 unchanged.
The Wholesale industry currently sits up 0.4% versus the S&P 500, which is down 0.1%. A company within the industry that increased today was
(
), up 1.3%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Wholesale industry higher today. As of noon trading, Anixter International is up $3.44 (4.0%) to $90.60 on average volume. Thus far, 121,595 shares of Anixter International exchanged hands as compared to its average daily volume of 210,700 shares. The stock has ranged in price between $86.89-$90.60 after having opened the day at $87.35 as compared to the previous trading day's close of $87.16.
Anixter International Inc., together with its subsidiaries, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, original equipment manufacturer (OEM) supply fasteners, and other small parts. Anixter International has a market cap of $2.9 billion and is part of the services sector. Shares are down 3.0% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts who rate Anixter International a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Anixter International
as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full
Anixter International Ratings Report
now.
2. As of noon trading,
(
) is up $1.45 (1.8%) to $83.83 on average volume. Thus far, 283,280 shares of Wesco International exchanged hands as compared to its average daily volume of 391,100 shares. The stock has ranged in price between $82.72-$84.37 after having opened the day at $83.09 as compared to the previous trading day's close of $82.38.
WESCO International, Inc. distributes electrical, industrial, and communications maintenance, repair, and operating (MRO) products; and original equipment manufacturers products and construction materials in North America and internationally. Wesco International has a market cap of $3.7 billion and is part of the services sector. Shares are down 9.5% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate Wesco International a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Wesco International
as a
. 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, reasonable valuation levels, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
Wesco International Ratings Report
now.
1. As of noon trading,
(
) is up $1.11 (1.8%) to $63.60 on heavy volume. Thus far, 586,344 shares of Omnicare exchanged hands as compared to its average daily volume of 773,400 shares. The stock has ranged in price between $63.09-$63.92 after having opened the day at $63.54 as compared to the previous trading day's close of $62.49.
Omnicare, Inc. operates as a healthcare services company that specializes in the management of pharmaceutical care in the United States and Canada. It operates through two segments, Long-Term Care Group and Specialty Care Group. Omnicare has a market cap of $6.1 billion and is part of the health care sector. Shares are up 3.5% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts who rate Omnicare a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Omnicare
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
If you are interested in one of these 3 stocks, 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
(
).
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