4 Stocks Pushing The Wholesale Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 20 points (-0.2%) at 12,795 as of Monday, Nov. 12, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,283 issues advancing vs. 1,555 declining with 129 unchanged.

The Wholesale industry currently sits down 0.2% versus the S&P 500, which is down 0.1%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Watsco ( WSO) is one of the companies pushing the Wholesale industry higher today. As of noon trading, Watsco is up $1.52 (2.2%) to $71.15 on light volume Thus far, 88,695 shares of Watsco exchanged hands as compared to its average daily volume of 302,000 shares. The stock has ranged in price between $69.64-$71.19 after having opened the day at $69.65 as compared to the previous trading day's close of $69.63.

Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, and refrigeration equipment in the United States. Watsco has a market cap of $2.1 billion and is part of the services sector. The company has a P/E ratio of 23.3, above the S&P 500 P/E ratio of 17.7. Shares are up 6.6% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Watsco a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Watsco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Watsco Ratings Report now.

3. As of noon trading, Magna International ( MGA) is up $0.34 (0.8%) to $45.25 on light volume Thus far, 141,482 shares of Magna International exchanged hands as compared to its average daily volume of 610,600 shares. The stock has ranged in price between $44.97-$45.31 after having opened the day at $45.04 as compared to the previous trading day's close of $44.91.

Magna International Inc. designs, develops, and manufactures automotive systems, assemblies, modules and components, and engineers and assembles vehicles to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America, and Africa. Magna International has a market cap of $10.4 billion and is part of the services sector. The company has a P/E ratio of 10.8, below the S&P 500 P/E ratio of 17.7. Shares are up 34.1% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Magna International a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Magna International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Magna International Ratings Report now.

2. As of noon trading, LKQ Corporation ( LKQ) is up $0.16 (0.8%) to $21.35 on light volume Thus far, 499,610 shares of LKQ Corporation exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $21.20-$21.74 after having opened the day at $21.36 as compared to the previous trading day's close of $21.19.

LKQ Corporation, together with its subsidiaries, provides replacement parts, components, and systems needed to repair vehicles, primarily cars and trucks in the United States, the United Kingdom, Canada, Mexico, and Central America. LKQ Corporation has a market cap of $6.3 billion and is part of the services sector. The company has a P/E ratio of 25.1, above the S&P 500 P/E ratio of 17.7. Shares are up 40.9% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate LKQ Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates LKQ Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, solid stock price performance and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full LKQ Corporation Ratings Report now.

1. As of noon trading, Omnicare ( OCR) is up $0.52 (1.5%) to $34.70 on light volume Thus far, 201,794 shares of Omnicare exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $34.18-$34.70 after having opened the day at $34.26 as compared to the previous trading day's close of $34.17.

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 $3.8 billion and is part of the services sector. The company has a P/E ratio of 19.0, above the S&P 500 P/E ratio of 17.7. Shares are down 0.8% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Omnicare a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Omnicare as a buy. 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, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Omnicare Ratings Report now.

If you are interested in one of these 4 stocks, 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).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
null

If you liked this article you might like

Can These 10 Dividend Stocks Survive Another Recession?

Can These 10 Dividend Stocks Survive Another Recession?

10 Dividend Stocks That Will Survive the Next Recession

10 Dividend Stocks That Will Survive the Next Recession

Trade-Ideas: Watsco (WSO) Is Today's "Barbarian At The Gate" Stock

Trade-Ideas: Watsco (WSO) Is Today's "Barbarian At The Gate" Stock

Newly-Public SITE Has a Lot of Runway

Newly-Public SITE Has a Lot of Runway

New Lifetime High For Watsco (WSO)

New Lifetime High For Watsco (WSO)