Rockwell Automation (ROK): Today's Featured Wholesale Winner

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.

Rockwell Automation ( ROK) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day up 1.5%. By the end of trading, Rockwell Automation rose $2.58 (2.6%) to $99.80 on average volume. Throughout the day, 641,364 shares of Rockwell Automation exchanged hands as compared to its average daily volume of 818,500 shares. The stock ranged in a price between $97.60-$99.95 after having opened the day at $97.61 as compared to the previous trading day's close of $97.22. Other companies within the Wholesale industry that increased today were: SED International Holdings ( SED), up 26.3%, Armco Metals Holdings ( AMCO), up 5.5%, Armco Metals Holdings ( CNAM), up 5.5% and VOXX International ( VOXX), up 4.6%.

Rockwell Automation, Inc. provides industrial automation power, control, and information solutions. It operates in two segments, Architecture & Software and Control Products & Solutions. Rockwell Automation has a market cap of $13.5 billion and is part of the industrial goods sector. Shares are up 15.8% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Rockwell Automation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Rockwell Automation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, China Metro-Rural Holdings ( CNR), down 5.4%, Wesco Aircraft Holdings ( WAIR), down 4.2%, China Auto Logistics ( CALI), down 3.0% and Universal Power Group ( UPG), down 2.9%.

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.
null

If you liked this article you might like

Rockwell Set to Move Higher

Rockwell Set to Move Higher

There Is Good and a Lot of Bad in General Electric Earnings

There Is Good and a Lot of Bad in General Electric Earnings

Can Industrial Stocks Keep Rallying?: Cramer's 'Off the Charts'

Can Industrial Stocks Keep Rallying?: Cramer's 'Off the Charts'

Tax Reform Makes These 21 Undervalued Industrial Stocks Must Buys for 2018

Tax Reform Makes These 21 Undervalued Industrial Stocks Must Buys for 2018

Wall Street Reaches Records on GOP Tax Progress

Wall Street Reaches Records on GOP Tax Progress