Cardinal Health Inc (CAH): Today's Featured Wholesale Laggard

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.

Cardinal Health ( CAH) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole closed the day down 0.2%. By the end of trading, Cardinal Health fell $0.99 (-1.5%) to $66.96 on average volume. Throughout the day, 2,363,190 shares of Cardinal Health exchanged hands as compared to its average daily volume of 3,051,600 shares. The stock ranged in price between $66.71-$67.84 after having opened the day at $67.55 as compared to the previous trading day's close of $67.95. Other companies within the Wholesale industry that declined today were: Crystal Rock Holdings ( CRVP), down 5.9%, China Auto Logistics ( CALI), down 5.3%, Huttig Building Products ( HBP), down 4.9% and Avnet ( AVT), down 3.6%.

Cardinal Health, Inc., a healthcare services company, provides pharmaceutical and medical products and services in the United States and internationally. The company operates in two segments, Pharmaceutical and Medical. Cardinal Health has a market cap of $23.2 billion and is part of the services sector. The company has a P/E ratio of 57.6, above the S&P 500 P/E ratio of 17.7. Shares are up 1.7% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Cardinal Health a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Cardinal Health as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance 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 positive front, Watsco ( WSO.B), up 28.5%, China Metro-Rural Holdings ( CNR), up 17.1%, Armco Metals Holdings ( AMCO), up 3.4% and Louisiana-Pacific ( LPX), up 3.2% , were all gainers within the wholesale industry with McKesson ( MCK) being today's featured wholesale industry leader.

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).

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 liked this article you might like

Could Bitcoin Become as Savvy an Investment as Nvidia?

Could Bitcoin Become as Savvy an Investment as Nvidia?

Cardinal Health: Why We're Not Worried About Amazon

Cardinal Health: Why We're Not Worried About Amazon

House Committee: 2 Pharmacy Managers Sent 12.3 Million Opioid Doses to 1 Store

House Committee: 2 Pharmacy Managers Sent 12.3 Million Opioid Doses to 1 Store

Medical Supply Stocks Get Hit in Latest Example of the 'Amazon Effect'

Medical Supply Stocks Get Hit in Latest Example of the 'Amazon Effect'

Purdue Pharma to Downplay Opioids, Dump 50% of Sales Staff

Purdue Pharma to Downplay Opioids, Dump 50% of Sales Staff