McKesson

(

MCK

) pushed the Wholesale industry lower today making it today's featured Wholesale loser. The industry as a whole closed the day down 1.9%. By the end of trading, McKesson fell 69 cents (-0.8%) to $86.93 on average volume. Throughout the day, 1.7 million shares of McKesson exchanged hands as compared to its average daily volume of two million shares. The stock ranged in price between $86.91-$87.61 after having opened the day at $87.04 as compared to the previous trading day's close of $87.62. Other company's within the Wholesale industry that declined today were:

China Metro-Rural Holdings

(

CNR

), down 21.1%,

SinoHub

(

SIHI

), down 15.6%,

VOXX International

(

VOXX

), down 5.9%, and

Ituran Location and Control

(

ITRN

), down 5.8%.

McKesson Corporation delivers medicines, pharmaceutical supplies, information, and care management products and services for the healthcare industry. McKesson has a market cap of $20.64 billion and is part of the

services

sector. The company has a P/E ratio of 15.7, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 12.6% year to date as of the close of trading on Tuesday. Currently there are nine analysts that rate McKesson a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates McKesson as a

buy

. 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.

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

).

null