3 Stocks Dragging The Wholesale Industry Downward

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 21 points (-0.1%) at 14,492 as of Monday, March 18, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,220 issues advancing vs. 1,709 declining with 121 unchanged.

The Wholesale industry currently sits up 0.1% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was Global Partners ( GLP), up 2.9%.

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

3. Magna International ( MGA) is one of the companies pushing the Wholesale industry lower today. As of noon trading, Magna International is down $0.45 (-0.8%) to $56.10 on average volume Thus far, 302,797 shares of Magna International exchanged hands as compared to its average daily volume of 696,700 shares. The stock has ranged in price between $55.29-$56.16 after having opened the day at $55.99 as compared to the previous trading day's close of $56.55.

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 $13.2 billion and is part of the services sector. The company has a P/E ratio of 9.6, below the S&P 500 P/E ratio of 17.7. Shares are up 13.1% year to date as of the close of trading on Friday. Currently there are 8 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, solid stock price performance, growth in earnings per share, 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, AmerisourceBergen ( ABC) is down $0.32 (-0.6%) to $48.57 on average volume Thus far, 1.4 million shares of AmerisourceBergen exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $48.16-$48.65 after having opened the day at $48.30 as compared to the previous trading day's close of $48.89.

AmerisourceBergen Corporation, a pharmaceutical services company, provides drug distribution and related services to healthcare providers and pharmaceutical manufacturers primarily in the United States and Canada. AmerisourceBergen has a market cap of $11.3 billion and is part of the services sector. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are up 13.2% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate AmerisourceBergen a buy, no analysts rate it a sell, and 3 rate it a hold.

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

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1. As of noon trading, Cardinal Health ( CAH) is down $0.28 (-0.6%) to $46.30 on light volume Thus far, 639,506 shares of Cardinal Health exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $46.08-$46.40 after having opened the day at $46.31 as compared to the previous trading day's close of $46.58.

Cardinal Health, Inc., a healthcare services company, provides pharmaceutical and medical products and services in the United States and internationally. The company operates in two segments, Pharmaceutical and Medical. Cardinal Health has a market cap of $16.1 billion and is part of the services sector. The company has a P/E ratio of 14.3, below the S&P 500 P/E ratio of 17.7. Shares are up 13.1% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Cardinal Health a buy, no analysts rate it a sell, and 2 rate it a hold.

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

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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.

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