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Magna International

(

MGA

) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day up 1.0%. By the end of trading, Magna International rose $1.17 (1.6%) to $76.77 on average volume. Throughout the day, 618,980 shares of Magna International exchanged hands as compared to its average daily volume of 707,800 shares. The stock ranged in a price between $75.22-$76.85 after having opened the day at $75.78 as compared to the previous trading day's close of $75.60. Other companies within the Wholesale industry that increased today were:

Tessco Technologies

(

TESS

), up 12.1%,

InfoSonics Corporation

(

IFON

), up 11.7%,

Ingram Micro

(

IM

), up 9.9% and

Armco Metals Holdings

(

CNAM

), up 4.5%.

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 $17.2 billion and is part of the services sector. Shares are up 50.4% year to date as of the close of trading on Wednesday. Currently there are 8 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 solid stock price performance, growth in earnings per share, revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front,

Bluelinx Holdings

(

BXC

), down 4.8%,

Rada Electronics Industries

(

RADA

), down 3.5%,

Lawson Products

(

LAWS

), down 3.2% and

Louisiana-Pacific

(

LPX

), down 3.1%.

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

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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