3 Stocks Driving The Wholesale 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 70 points (0.5%) at 14,846 as of Wednesday, Aug. 28, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,865 issues advancing vs. 1,062 declining with 104 unchanged.

The Wholesale industry currently sits up 0.6% versus the S&P 500, which is up 0.6%.

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 $0.72 (1.9%) to $39.06 on average volume. Thus far, 280,337 shares of Avnet exchanged hands as compared to its average daily volume of 644,100 shares. The stock has ranged in price between $38.30-$39.07 after having opened the day at $38.43 as compared to the previous trading day's close of $38.34.

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 $5.4 billion and is part of the services sector. Shares are up 25.3% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Avnet a buy, no analysts rate it a sell, and 1 rates 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, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Avnet Ratings Report now.

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

2. As of noon trading, Arrow Electronics ( ARW) is up $0.73 (1.6%) to $46.41 on light volume. Thus far, 130,943 shares of Arrow Electronics exchanged hands as compared to its average daily volume of 568,200 shares. The stock has ranged in price between $45.34-$46.44 after having opened the day at $45.54 as compared to the previous trading day's close of $45.68.

Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. It operates in two segments, Global Components and Global Enterprise Computing Solutions. Arrow Electronics has a market cap of $4.7 billion and is part of the services sector. Shares are up 23.6% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Arrow Electronics a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Arrow Electronics as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Arrow Electronics Ratings Report now.

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

1. As of noon trading, W.W. Grainger ( GWW) is up $1.80 (0.7%) to $249.49 on average volume. Thus far, 101,472 shares of W.W. Grainger exchanged hands as compared to its average daily volume of 261,000 shares. The stock has ranged in price between $245.01-$250.03 after having opened the day at $247.12 as compared to the previous trading day's close of $247.69.

W.W. Grainger, Inc. engages in the distribution of maintenance, repair, and operating supplies, as well as other related products and services for businesses and institutions primarily in the United States and Canada. W.W. Grainger has a market cap of $17.6 billion and is part of the services sector. Shares are up 22.4% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate W.W. Grainger a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates W.W. Grainger as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full W.W. Grainger Ratings Report now.

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

If you are interested in one of these 3 stocks, 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).

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