Wholesale Standout Wesco International Inc. (WCC) Making Gains Today

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.

Wesco International ( WCC) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day up 0.4%. By the end of trading, Wesco International rose $1.34 (1.9%) to $71.83 on average volume. Throughout the day, 813,049 shares of Wesco International exchanged hands as compared to its average daily volume of 764,900 shares. The stock ranged in a price between $71.55-$73.47 after having opened the day at $72 as compared to the previous trading day's close of $70.49. Other companies within the Wholesale industry that increased today were: Nash-Finch Company ( NAFC), up 8.2%, Hudson Technology ( HDSN), up 6%, SED International Holdings ( SED), up 5.7%, and Chefs Warehouse Holdings ( CHEF), up 4.4%.
  • 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.

WESCO International, Inc. engages in the distribution of electrical, industrial, and communications maintenance, repair, and operating (MRO) products; and original equipment manufacturers products and construction materials. It also provides supply chain management and logistics services. Wesco International has a market cap of $3.14 billion and is part of the services sector. The company has a P/E ratio of 18, above the S&P 500 P/E ratio of 17.7. Shares are up 4.5% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Wesco International a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Wesco International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.
null

If you liked this article you might like

Analysts' Actions -- Adobe, AMD, Chegg, Okta and More

Analysts' Actions -- Snap, Greif, Wesco, Zagg and More

Analysts' Actions -- ConocoPhillips, Discover, DineEquity, Maxim and More

Wesco (WCC) Stock Upgraded to 'Buy' at Longbow

Perilous Reversal Watch: WESCO International (WCC)