AmerisourceBergen Corp (ABC): Today's Featured Wholesale Laggard

AmerisourceBergen ( ABC) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole closed the day up 0.8%. By the end of trading, AmerisourceBergen fell $0.81 (-1.4%) to $55.02 on average volume. Throughout the day, 2,556,650 shares of AmerisourceBergen exchanged hands as compared to its average daily volume of 2,668,100 shares. The stock ranged in price between $54.97-$56.23 after having opened the day at $56.11 as compared to the previous trading day's close of $55.83. Other companies within the Wholesale industry that declined today were: Armco Metals Holdings ( CNAM), down 5.8%, China Metro-Rural Holdings ( CNR), down 5.0%, Shengkai Innovations ( VALV), down 4.0% and Coast Distribution System ( CRV), down 3.7%.

AmerisourceBergen Corporation, a pharmaceutical services company, provides drug distribution and related services to healthcare providers and pharmaceutical manufacturers primarily in the United States and Canada. AmerisourceBergen has a market cap of $12.8 billion and is part of the services sector. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are up 29.3% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate AmerisourceBergen a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates AmerisourceBergen as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, good cash flow from operations, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, China Auto Logistics ( CALI), up 5.0%, Bluelinx Holdings ( BXC), up 4.7%, Houston Wire & Cable Company ( HWCC), up 4.4% and Watsco ( WSO.B), up 3.6% , were all gainers within the wholesale industry with McKesson ( MCK) being today's featured wholesale industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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