Anixter International Inc (AXE): Today's Featured Wholesale Loser

Anixter International ( AXE) pushed the Wholesale industry lower today making it today's featured Wholesale loser. The industry as a whole closed the day up 0.7%. By the end of trading, Anixter International fell $2.56 (-3.7%) to $66.97 on heavy volume. Throughout the day, 665,976 shares of Anixter International exchanged hands as compared to its average daily volume of 237,300 shares. The stock ranged in price between $66.68-$69.60 after having opened the day at $69.60 as compared to the previous trading day's close of $69.53. Other company's within the Wholesale industry that declined today were: SMF Energy Corporation ( FUEL), down 9.1%, SRI Surgical Express ( STRC), down 5.8%, Houston Wire & Cable Company ( HWCC), down 3.5%, and Chindex International ( CHDX), down 2.9%.

Anixter International Inc., together with its subsidiaries, distributes communication and security products, electrical wire and cable products, and fasteners and other small parts. Anixter International has a market cap of $2.31 billion and is part of the services sector. The company has a P/E ratio of 12.2, below the average wholesale industry P/E ratio of 13 and below the S&P 500 P/E ratio of 17.7. Shares are up 16.6% year to date as of the close of trading on Tuesday. Currently there are six analysts that rate Anixter International a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Anixter International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Westinghouse Solar ( WEST), up 6.2%, Wayside Technology Group ( WSTG), up 4.9%, Chefs Warehouse Holdings ( CHEF), up 4.6%, and Shengkai Innovations ( VALV), up 4.2%, were all gainers within the wholesale industry with Cardinal Health ( CAH) being today's featured wholesale industry winner.

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

More from Markets

Netflix Ready to Surpass Disney as America's Most Valuable Media Company

Netflix Ready to Surpass Disney as America's Most Valuable Media Company

Stocks Lower as Energy Shares Fall on Drop in Oil Prices

Stocks Lower as Energy Shares Fall on Drop in Oil Prices

Italian Bonds Slump as Government Mulls Anti-Euro Finance Minister

Italian Bonds Slump as Government Mulls Anti-Euro Finance Minister

Global Stocks Hold Gains as North Korea Response on Talks Soothes Nerves

Global Stocks Hold Gains as North Korea Response on Talks Soothes Nerves

One Thing to Consider Over Memorial Day Weekend: Are Stocks About to Collapse?

One Thing to Consider Over Memorial Day Weekend: Are Stocks About to Collapse?