3 Wholesale Stocks Nudging The Industry Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 26 points (0.2%) at 15,572 as of Tuesday, July 23, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,636 issues advancing vs. 1,285 declining with 117 unchanged.

The Wholesale industry currently is unchanged today versus the S&P 500, which is down 0.1%.

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

3. Avnet ( AVT) is one of the companies pushing the Wholesale industry higher today. As of noon trading, Avnet is up $0.37 (1.0%) to $36.97 on average volume. Thus far, 318,386 shares of Avnet exchanged hands as compared to its average daily volume of 750,300 shares. The stock has ranged in price between $36.58-$37.03 after having opened the day at $36.62 as compared to the previous trading day's close of $36.60.

Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer and storage products, and embedded subsystems in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. Avnet has a market cap of $5.0 billion and is part of the services sector. Shares are up 19.2% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Avnet a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Avnet as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Avnet Ratings Report now.

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