5 Wholesale Stocks Nudging The 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 60 points (0.4%) at 15,029 as of Tuesday, May 7, 2013, 12:54 PM ET. The NYSE advances/declines ratio sits at 1,907 issues advancing vs. 994 declining with 159 unchanged.

The Wholesale industry currently sits up 0.1% versus the S&P 500, which is up 0.3%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Magna International ( MGA) is one of the companies pushing the Wholesale industry higher today. As of noon trading, Magna International is up $0.59 (0.96) to $62.10 on light volume Thus far, 251,943 shares of Magna International exchanged hands as compared to its average daily volume of 674,800 shares. The stock has ranged in price between $61.67-$62.30 after having opened the day at $61.82 as compared to the previous trading day's close of $61.51.

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 $14.4 billion and is part of the services sector. The company has a P/E ratio of 10.4, below the S&P 500 P/E ratio of 17.7. Shares are up 23.0% year to date as of the close of trading on Monday. 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 solid stock price performance, growth in earnings per share, increase in net income, revenue growth and attractive valuation levels. 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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