Magna International Inc. (MGA): Today's Highlighted Performer In Wholesale

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.

Magna International ( MGA) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day up 1.1%. By the end of trading, Magna International rose $1.21 (2.1%) to $57.82 on average volume. Throughout the day, 587,217 shares of Magna International exchanged hands as compared to its average daily volume of 694,400 shares. The stock ranged in a price between $57.04-$57.94 after having opened the day at $57.19 as compared to the previous trading day's close of $56.61. Other companies within the Wholesale industry that increased today were: W.W. Grainger ( GWW), up 7.2%, Chindex International ( CHDX), up 4.9%, China Auto Logistics ( CALI), up 4.8%, and Nash-Finch Company ( NAFC), up 3.6%.
  • 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.

Magna International Inc. designs, develops, manufactures, and engineers automotive systems and components to original equipment manufacturers primarily in North America, Europe, and internationally. Magna International has a market cap of $13.82 billion and is part of the services sector. The company has a P/E ratio of 10, 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 Monday. Currently there are eight analysts that rate Magna International a buy, one analyst rates it a sell, and four 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, increase in net income and attractive valuation levels. 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).

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

Irma and Harvey Busted Algos; Probably Done Deals Under Trump: Best of Cramer

Market Signals Change of Direction: Cramer's 'Mad Money' Recap (Monday 9/18/17)

Cramer: Irma and Harvey Busted the Algos

Shrug Off The Apple-FANG Bite: Cramer's 'Mad Money' Recap (Thur 9/14/17)