Magna International Inc. (MGA): Today's Featured Wholesale Winner - TheStreet

Magna International

(

MGA

) 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:

McKesson

(

MCK

), up 4.4%,

Susser Petroleum Partners

(

SUSP

), up 4.2%,

Rada Electronics Industries

(

RADA

), up 4.2% and

AmerisourceBergen

(

ABC

), up 2.8%.

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

Magna International

as a

buy

. 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.

On the negative front,

Bluelinx Holdings

(

BXC

), down 10.7%,

InfoSonics Corporation

(

IFON

), down 10.4%,

Empire Resources Incorporated

(

ERS

), down 6.1% and

Chindex International

(

CHDX

), down 5.9% , were all laggards within the wholesale industry with

MSC Industrial Direct

(

MSM

) being today's wholesale industry laggard.

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

(

IYK

) while those bearish on the wholesale industry could consider

ProShares Ultra Sht Consumer Goods

(

SZK

).

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