Avnet Inc (AVT): Today's Featured Wholesale Winner

Avnet ( AVT) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day down 0.2%. By the end of trading, Avnet rose 48 cents (1.5%) to $32.31 on average volume. Throughout the day, one million shares of Avnet exchanged hands as compared to its average daily volume of one million shares. The stock ranged in a price between $31.80-$32.39 after having opened the day at $31.90 as compared to the previous trading day's close of $31.83. Other companies within the Wholesale industry that increased today were: China Armco Metals ( CNAM), up 7.1%, China Metro-Rural Holdings ( CNR), up 7%, Hudson Technology ( HDSN), up 3.9%, and Shengkai Innovations ( VALV), up 3.7%.

Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer and storage products, and embedded subsystems in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. Avnet has a market cap of $4.57 billion and is part of the services sector. The company has a P/E ratio of 7.1, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 2.4% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate Avnet a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Avnet as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, China Auto Logistics ( CALI), down 13.9%, Coast Distribution System ( CRV), down 3.9%, DXP ( DXPE), down 3.7%, and Peerless Systems Corporation ( PRLS), down 2.9%, were all losers within the wholesale industry with Airgas ( ARG) 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).
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