3 Stocks Moving The Wholesale Industry Upward

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 15,897 as of Wednesday, Dec. 18, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,497 issues advancing vs. 1,411 declining with 169 unchanged.

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

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

3. MSC Industrial Direct ( MSM) is one of the companies pushing the Wholesale industry higher today. As of noon trading, MSC Industrial Direct is up $1.18 (1.5%) to $80.54 on average volume. Thus far, 268,640 shares of MSC Industrial Direct exchanged hands as compared to its average daily volume of 424,100 shares. The stock has ranged in price between $79.36-$80.67 after having opened the day at $79.36 as compared to the previous trading day's close of $79.36.

MSC Industrial Direct Co., Inc., together with its subsidiaries, markets and distributes metalworking, and maintenance, repair, and operations (MRO) supplies primarily in the United States. MSC Industrial Direct has a market cap of $3.8 billion and is part of the services sector. The company has a P/E ratio of 21.1, above the S&P 500 P/E ratio of 17.7. Shares are up 5.3% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate MSC Industrial Direct a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates MSC Industrial Direct as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full MSC Industrial Direct Ratings Report now.

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