Anixter International Inc ( AXE) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day up 0.8%. By the end of trading, Anixter International Inc rose $2.07 (3.5%) to $62.08 on light volume. Throughout the day, 230,733 shares of Anixter International Inc exchanged hands as compared to its average daily volume of 373,100 shares. The stock ranged in a price between $60.41-$62.68 after having opened the day at $60.91 as compared to the previous trading day's close of $60.01. Other companies within the Wholesale industry that increased today were: Staar Surgical ( STAA), up 9.7%, Addvantage Technologies Group Inc ( AEY), up 6.4%, Olympic Steel ( ZEUS), up 6%, and Shengkai Innovations Inc ( VALV), up 4.8%.

Anixter International Inc., together with its subsidiaries, distributes communications products, electrical wire and cable products, fasteners, and other small parts. Anixter International Inc has a market cap of $1.99 billion and is part of the services sector. The company has a P/E ratio of 11.3, below the average wholesale industry P/E ratio of 12.6 and below the S&P 500 P/E ratio of 17.7. Shares are up 0.5% year to date as of the close of trading on Friday.

TheStreet Ratings rates Anixter International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, InfoSonics Corporation ( IFON), down 16.3%, SinoHub Inc ( SIHI), down 5.1%, Longwei Petroleum Investment Holding Limite ( LPH), down 4.1%, and Universal Power Group Inc ( UPG), down 2.5%, were all losers within the wholesale industry with Medco Health Solutions Inc ( MHS) being today's wholesale industry loser.

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

If you liked this article you might like

Billionaire Real Estate Mogul Sam Zell Sees Staggering Economic Opportunity Under Trump

Where Do We Go After JOY?

3 Ways to 'Connect' With a Growing Market

What on Earth Happened While I Was Away? A Lot

Take the Opportunity to Raise a Little Cash