3 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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 12,892 as of Wednesday, Nov. 28, 2012, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,435 issues advancing vs. 1,435 declining with 148 unchanged.

The Wholesale industry currently is unchanged today versus the S&P 500, which is down 0.0%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. Magna International ( MGA) is one of the companies pushing the Wholesale industry higher today. As of noon trading, Magna International is up $0.40 (0.9%) to $45.49 on light volume Thus far, 171,605 shares of Magna International exchanged hands as compared to its average daily volume of 577,700 shares. The stock has ranged in price between $44.51-$45.69 after having opened the day at $44.94 as compared to the previous trading day's close of $45.08.

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 $10.6 billion and is part of the services sector. The company has a P/E ratio of 7.7, below the S&P 500 P/E ratio of 17.7. Shares are up 36.7% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Magna International a buy, no analysts rate 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.

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