3 Wholesale Stocks Moving The Industry Upward

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 11 points (-0.1%) at 15,227 as of Tuesday, June 11, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 560 issues advancing vs. 2,425 declining with 97 unchanged.

The Wholesale industry currently sits down 0.58 versus the S&P 500, which is down 0.37.

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

3. Magna International ( MGA) is one of the companies pushing the Wholesale industry higher today. As of noon trading, Magna International is up $0.58 (0.85) to $68.80 on average volume Thus far, 322,784 shares of Magna International exchanged hands as compared to its average daily volume of 717,000 shares. The stock has ranged in price between $67.58-$68.82 after having opened the day at $67.86 as compared to the previous trading day's close of $68.22.

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 $15.9 billion and is part of the services sector. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are up 36.2% 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 3 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 weak operating cash flow. Get the full Magna International Ratings Report now.

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