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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2. As of noon trading, MSC Industrial Direct ( MSM) is up $0.72 (1.0%) to $72.35 on light volume Thus far, 93,254 shares of MSC Industrial Direct exchanged hands as compared to its average daily volume of 369,600 shares. The stock has ranged in price between $70.96-$72.53 after having opened the day at $71.41 as compared to the previous trading day's close of $71.63.

MSC Industrial Direct Co., Inc., together with its subsidiaries, operates as a direct marketer and distributor of metalworking and maintenance, repair, and operations (MRO) products to industrial customers in the United States. MSC Industrial Direct has a market cap of $3.3 billion and is part of the services sector. The company has a P/E ratio of 17.3, below the S&P 500 P/E ratio of 17.7. Shares are down 1.3% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate MSC Industrial Direct a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates MSC Industrial Direct as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and increase in stock price during the past year. 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 MSC Industrial Direct Ratings Report now.

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1. As of noon trading, Genuine Parts Company ( GPC) is up $0.44 (0.7%) to $63.19 on light volume Thus far, 129,526 shares of Genuine Parts Company exchanged hands as compared to its average daily volume of 767,300 shares. The stock has ranged in price between $62.37-$63.24 after having opened the day at $62.37 as compared to the previous trading day's close of $62.75.

Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, Canada, and Mexico. Genuine Parts Company has a market cap of $9.7 billion and is part of the services sector. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are up 2.6% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Genuine Parts Company a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Genuine Parts Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Genuine Parts Company Ratings Report now.

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If you are interested in one of these 3 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.

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