4 Stocks Dragging The Wholesale Industry Downward

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 4 stocks pushing the industry lower today:

4. Louisiana-Pacific ( LPX) is one of the companies pushing the Wholesale industry lower today. As of noon trading, Louisiana-Pacific is down $0.38 (-2.3%) to $16.38 on light volume Thus far, 1.0 million shares of Louisiana-Pacific exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $16.15-$16.55 after having opened the day at $16.40 as compared to the previous trading day's close of $16.76.

Louisiana-Pacific Corporation, together with its subsidiaries, engages in manufacturing and distributing building products for new home construction, repair and remodeling, manufactured housing, and light industrial and commercial construction. Louisiana-Pacific has a market cap of $2.3 billion and is part of the services sector. The company has a P/E ratio of 22.3, above the S&P 500 P/E ratio of 17.7. Shares are down 13.4% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Louisiana-Pacific a buy, 3 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Louisiana-Pacific as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Louisiana-Pacific Ratings Report now.

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