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.
) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day up 0.9%. By the end of trading, McKesson rose $3.95 (2.3%) to $177.23 on average volume. Throughout the day, 2,390,998 shares of McKesson exchanged hands as compared to its average daily volume of 1,763,700 shares. The stock ranged in a price between $175.06-$177.48 after having opened the day at $175.63 as compared to the previous trading day's close of $173.28. Other companies within the Wholesale industry that increased today were:
), up 10.1%,
), up 6.2%,
), up 3.8% and
), up 3.5%.
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McKesson Corporation, together with its subsidiaries, delivers pharmaceuticals, medical supplies, and health care information technologies to the healthcare industry primarily in the United States. It operates in two segments, McKesson Distribution Solutions and McKesson Technology Solutions. McKesson has a market cap of $40.3 billion and is part of the services sector. The company has a P/E ratio of 29.5, above the S&P 500 P/E ratio of 17.7. Shares are up 7.4% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate McKesson a buy, 1 analyst rates it a sell, and 2 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, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full McKesson Ratings Report.
On the negative front,
), down 6.8%,
), down 5.0%,
), down 3.8% and
), down 3.1% , were all laggards within the wholesale industry with
) being today's wholesale industry laggard.
- Use our wholesale section to find industry-relevant news.
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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.