3 Stocks Underperforming Today In The Wholesale Industry

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 44 points (-0.3%) at 15,417 as of Friday, July 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,253 issues advancing vs. 1,644 declining with 132 unchanged.

The Wholesale industry currently sits up 0.4% versus the S&P 500, which is down 0.1%. A company within the industry that increased today was Rockwell Automation ( ROK), up 1.1%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Macquarie Infrastructure Company ( MIC) is one of the companies pushing the Wholesale industry lower today. As of noon trading, Macquarie Infrastructure Company is down $0.45 (-0.8%) to $56.15 on light volume. Thus far, 105,943 shares of Macquarie Infrastructure Company exchanged hands as compared to its average daily volume of 356,800 shares. The stock has ranged in price between $56.15-$56.99 after having opened the day at $56.49 as compared to the previous trading day's close of $56.60.

Macquarie Infrastructure Company LLC, through its subsidiaries, owns, operates, and invests in a diversified group of infrastructure businesses in the United States. Macquarie Infrastructure Company has a market cap of $2.6 billion and is part of the services sector. Shares are up 19.4% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Macquarie Infrastructure Company a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Macquarie Infrastructure Company as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Macquarie Infrastructure Company Ratings Report now.

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