3 Wholesale Stocks Dragging The Industry Down

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 down 22 points (-0.1%) at 16,065 as of Monday, Dec. 2, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,883 declining with 116 unchanged.

The Wholesale industry currently sits down 0.5% versus the S&P 500, which is unchanged.

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

3. Magna International ( MGA) is one of the companies pushing the Wholesale industry lower today. As of noon trading, Magna International is down $0.85 (-1.0%) to $80.49 on average volume. Thus far, 280,029 shares of Magna International exchanged hands as compared to its average daily volume of 576,300 shares. The stock has ranged in price between $80.43-$81.44 after having opened the day at $80.62 as compared to the previous trading day's close of $81.34.

Magna International Inc. designs, develops, manufactures, and engineers automotive systems and components to original equipment manufacturers primarily in North America, Europe, and internationally. Magna International has a market cap of $18.3 billion and is part of the services sector. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7. Shares are up 63.1% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Magna International a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Magna International 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 Magna International Ratings Report now.

STOCKS TO BUY: 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, Rockwell Automation ( ROK) is down $0.90 (-0.8%) to $112.68 on light volume. Thus far, 210,078 shares of Rockwell Automation exchanged hands as compared to its average daily volume of 707,300 shares. The stock has ranged in price between $111.91-$113.56 after having opened the day at $113.14 as compared to the previous trading day's close of $113.58.

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 $15.9 billion and is part of the industrial goods sector. The company has a P/E ratio of 21.3, above the S&P 500 P/E ratio of 17.7. Shares are up 35.2% year to date as of the close of trading on Friday. Currently there are 4 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, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Rockwell Automation Ratings Report now.

STOCKS TO BUY: 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, McKesson ( MCK) is down $1.27 (-0.8%) to $164.62 on light volume. Thus far, 347,158 shares of McKesson exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $164.50-$166.25 after having opened the day at $165.89 as compared to the previous trading day's close of $165.89.

McKesson Corporation, together with its subsidiaries, delivers pharmaceuticals, medical supplies, and health care information technologies to the healthcare industry primarily in the United States. It operates in two segments, McKesson Distribution Solutions and McKesson Technology Solutions. McKesson has a market cap of $38.0 billion and is part of the services sector. The company has a P/E ratio of 27.8, above the S&P 500 P/E ratio of 17.7. Shares are up 71.1% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate McKesson a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates McKesson as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full McKesson Ratings Report now.

STOCKS TO BUY: 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 4 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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