Today's Wholesale Gainers Led By Genuine Parts Company (GPC)

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.

Genuine Parts Company ( GPC) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day down 0.6%. By the end of trading, Genuine Parts Company rose 89 cents (1.1%) to $78.01 on average volume. Throughout the day, 746,065 shares of Genuine Parts Company exchanged hands as compared to its average daily volume of 797,100 shares. The stock ranged in a price between $77.29-$78.22 after having opened the day at $77.68 as compared to the previous trading day's close of $77.12. Other companies within the Wholesale industry that increased today were: Tessco Technologies ( TESS), up 2.3%, Amcon Distributing Company ( DIT), up 2.2%, Houston Wire & Cable Company ( HWCC), up 2.2%, and Taitron Components ( TAIT), up 2%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, the Dominican Republic, Mexico, and Canada. Genuine Parts Company has a market cap of $12.08 billion and is part of the services sector. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are up 21.3% year to date as of the close of trading on Monday. Currently there are three analysts that rate Genuine Parts Company a buy, one analyst rates it a sell, and four 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, solid stock price performance, impressive record of earnings per share growth, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

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).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

A Narrower Win for Merkel and Ever-Present North Korea Threat Pressures Markets

These Stocks Pay You to Own Them

GM's Cautious Tone Sets Auto Parts Stocks Rising

Advanced Trade: Advance Auto Parts

Three Auto Parts Stocks Ready to Put the Pedal to the Metal