) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day down 0.2%. By the end of trading, Magna International rose $1.59 (2.3%) to $69.74 on light volume. Throughout the day, 520,258 shares of Magna International exchanged hands as compared to its average daily volume of 747,200 shares. The stock ranged in a price between $68.54-$69.97 after having opened the day at $68.57 as compared to the previous trading day's close of $68.15. Other companies within the Wholesale industry that increased today were:
), up 4.4%,
), up 4.2%,
), up 4.2% and
), up 2.8%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
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 $15.7 billion and is part of the services sector. The company has a P/E ratio of 11.4, below the S&P 500 P/E ratio of 17.7. Shares are up 36.2% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Magna International a buy, 1 analyst rates it a sell, and 3 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Magna International Ratings Report.
On the negative front,
), down 10.7%,
), down 10.4%,
), down 6.1% and
), down 5.9% , were all laggards within the wholesale industry with
) being today's wholesale industry laggard.
- 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
) while those bearish on the wholesale industry could consider
- Find other investment ideas from our top rated ETFs lists.