Wesco International Inc. (WCC): Today's Featured Wholesale Laggard

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Wesco International ( WCC) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Wesco International fell $3.25 (-3.8%) to $81.71 on heavy volume. Throughout the day, 2,482,066 shares of Wesco International exchanged hands as compared to its average daily volume of 426,300 shares. The stock ranged in price between $78.52-$83.99 after having opened the day at $83.00 as compared to the previous trading day's close of $84.96. Other companies within the Wholesale industry that declined today were: InfoSonics Corporation ( IFON), down 6.8%, Rada Electronics Industries ( RADA), down 5.0%, Armco Metals Holdings ( AMCO), down 3.8% and Airgas ( ARG), down 3.1%.

WESCO International, Inc. engages in the distribution of electrical, industrial, and communications maintenance, repair, and operating (MRO) products; and original equipment manufacturers products and construction materials. It also provides supply chain management and logistics services. Wesco International has a market cap of $3.8 billion and is part of the services sector. The company has a P/E ratio of 18.3, above the S&P 500 P/E ratio of 17.7. Shares are down 5.7% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Wesco International a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Wesco 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, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Applied Industrial Technologies ( AIT), up 10.1%, China Metro-Rural Holdings ( CNR), up 6.2%, Cardinal Health ( CAH), up 3.8% and Tessco Technologies ( TESS), up 3.5% , 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).

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