Omnicare Inc (OCR): Today's Featured Wholesale Winner

Omnicare ( OCR) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day down 1.2%. By the end of trading, Omnicare rose 46 cents (1.4%) to $32.99 on average volume. Throughout the day, one million shares of Omnicare exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in a price between $32.24-$33.16 after having opened the day at $32.52 as compared to the previous trading day's close of $32.53. Other companies within the Wholesale industry that increased today were: InfoSonics Corporation ( IFON), up 12.1%, Rada Electronics Industries ( RADA), up 6.8%, Aegean Marine Petroleum Network ( ANW), up 5.9%, and Coast Distribution System ( CRV), up 1.9%.

Omnicare, Inc. operates as a healthcare services company that specializes in the management of pharmaceutical care in the United States and Canada. Omnicare has a market cap of $3.58 billion and is part of the services sector. The company has a P/E ratio of 21.7, below the average wholesale industry P/E ratio of 32 and above the S&P 500 P/E ratio of 17.7. Shares are down 8% year to date as of the close of trading on Friday. Currently there are five analysts that rate Omnicare a buy, no analysts rate it a sell, and two rate it a hold.

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

On the negative front, Westinghouse Solar ( WEST), down 20.6%, China Armco Metals ( CNAM), down 7.7%, Wesco International ( WCC), down 6.5%, and MWI Veterinary Supply ( MWIV), down 5.1%, were all losers within the wholesale industry with MSC Industrial Direct ( MSM) 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

New Lifetime High Today: Omnicare (OCR)

Omnicare (OCR) Hits New Lifetime High Today

Omnicare (OCR) Hits New Lifetime High Today

Don't Miss Today's Strong And Under The Radar Stock: Omnicare (OCR)

Barbarian At The Gate: Omnicare (OCR)