Omnicare Inc (OCR): Today's Featured Wholesale Laggard
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 lower today making it today's featured Wholesale laggard. The industry as a whole closed the day down 1.1%. By the end of trading, Omnicare fell $0.69 (-1.2%) to $54.37 on light volume. Throughout the day, 694,269 shares of Omnicare exchanged hands as compared to its average daily volume of 1,032,900 shares. The stock ranged in price between $54.21-$55.16 after having opened the day at $55.16 as compared to the previous trading day's close of $55.06. Other companies within the Wholesale industry that declined today were:
(
), down 8.3%,
(
), down 8.3%,
(
TheStreet Recommends
), down 7.2% and
(
), down 3.9%.
Omnicare, Inc. operates as a healthcare services company that specializes in the management of pharmaceutical care in the United States and Canada. The company operates in two segments, Long-Term Care Group and Specialty Care Group. Omnicare has a market cap of $5.7 billion and is part of the services sector. Shares are up 52.5% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Omnicare a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Omnicare
as a
. 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, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Omnicare Ratings Report.
On the positive front,
(
), up 5.0%,
(
), up 3.6%,
(
), up 3.4% and
(
), up 2.2%.
- Use our wholesale section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the wholesale industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
null
