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 down 1.0%. By the end of trading, MSC Industrial Direct rose $1.20 (1.6%) to $78.05 on average volume. Throughout the day, 474,454 shares of MSC Industrial Direct exchanged hands as compared to its average daily volume of 399,600 shares. The stock ranged in a price between $76.60-$78.20 after having opened the day at $76.92 as compared to the previous trading day's close of $76.85. Other companies within the Wholesale industry that increased today were:
), up 2.1%,
), up 1.6% and
), up 1.6%.
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MSC Industrial Direct Co., Inc., together with its subsidiaries, markets and distributes metalworking, and maintenance, repair, and operations (MRO) supplies primarily in the United States. MSC Industrial Direct has a market cap of $3.8 billion and is part of the services sector. The company has a P/E ratio of 20.5, above the S&P 500 P/E ratio of 17.7. Shares are up 1.9% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate MSC Industrial Direct a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
MSC Industrial Direct
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full MSC Industrial Direct Ratings Report.
On the negative front,
), down 6.4%,
), down 5.4%,
), down 4.7% and
), down 4.6% , were all laggards within the wholesale industry with
) being today's wholesale industry laggard.
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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.