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

AmerisourceBergen ( ABC) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole was unchanged today. By the end of trading, AmerisourceBergen rose $0.72 (1.3%) to $56.28 on light volume. Throughout the day, 1,447,367 shares of AmerisourceBergen exchanged hands as compared to its average daily volume of 2,624,200 shares. The stock ranged in a price between $55.59-$56.30 after having opened the day at $55.83 as compared to the previous trading day's close of $55.56. Other companies within the Wholesale industry that increased today were: Universal Power Group ( UPG), up 8.3%, Taitron Components Inc. Class A ( TAIT), up 4.1%, Chindex International ( CHDX), up 3.5% and Spartan Stores ( SPTN), up 2.5%.

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 $12.7 billion and is part of the services sector. Shares are up 28.7% 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 negative front, Rada Electronics Industries ( RADA), down 6.8%, InfoSonics Corporation ( IFON), down 6.7%, Armco Metals Holdings ( CNAM), down 6.1% and Hudson Technology ( HDSN), down 5.7%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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