Avnet Inc (AVT): 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.

Avnet ( AVT) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day up 1.0%. By the end of trading, Avnet rose $0.44 (1.1%) to $41.39 on average volume. Throughout the day, 1,097,120 shares of Avnet exchanged hands as compared to its average daily volume of 825,100 shares. The stock ranged in a price between $41.07-$41.75 after having opened the day at $41.11 as compared to the previous trading day's close of $40.95. Other companies within the Wholesale industry that increased today were: Hudson Technology ( HDSN), up 40.8%, Sysco Corporation ( SYY), up 9.7%, China Metro-Rural Holdings ( CNR), up 6.4% and Macquarie Infrastructure Company ( MIC), up 4.1%.

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. The company has a P/E ratio of 11.7, below the S&P 500 P/E ratio of 17.7. Shares are up 33.8% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Avnet a buy, no analysts rate it a sell, and 3 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, solid stock price performance, increase in net income, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Global Partners ( GLP), down 4.1%, Chindex International ( CHDX), down 3.1%, Bluelinx Holdings ( BXC), down 3.0% and InfoSonics Corporation ( IFON), down 2.6%.

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.
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