3 Stocks Advancing The Wholesale Industry

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 80 points (0.5%) at 15,453 as of Tuesday, Feb. 4, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,024 issues advancing vs. 894 declining with 170 unchanged.

The Wholesale industry currently sits up 0.6% versus the S&P 500, which is up 0.7%.

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

3. Anixter International ( AXE) is one of the companies pushing the Wholesale industry higher today. As of noon trading, Anixter International is up $5.33 (6.2%) to $91.00 on heavy volume. Thus far, 212,513 shares of Anixter International exchanged hands as compared to its average daily volume of 151,400 shares. The stock has ranged in price between $88.43-$92.89 after having opened the day at $88.75 as compared to the previous trading day's close of $85.67.

Anixter International Inc., together with its subsidiaries, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, original equipment manufacturer (OEM) supply fasteners, and other small parts. Anixter International has a market cap of $2.9 billion and is part of the services sector. The company has a P/E ratio of 19.7, above the S&P 500 P/E ratio of 17.7. Shares are down 4.6% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Anixter International a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Anixter International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, good cash flow from operations, 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 has had somewhat disappointing return on equity. Get the full Anixter International Ratings Report now.

3x UPSIDE POTENTIAL: 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, MSC Industrial Direct ( MSM) is up $1.44 (1.8%) to $82.38 on average volume. Thus far, 223,774 shares of MSC Industrial Direct exchanged hands as compared to its average daily volume of 492,600 shares. The stock has ranged in price between $80.80-$82.38 after having opened the day at $81.74 as compared to the previous trading day's close of $80.94.

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 $4.0 billion and is part of the services sector. The company has a P/E ratio of 22.8, above the S&P 500 P/E ratio of 17.7. Shares are up 0.1% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate MSC Industrial Direct a buy, no analysts rate it a sell, and 5 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, expanding profit margins, good cash flow from operations 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.

3x UPSIDE POTENTIAL: 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, W.W. Grainger ( GWW) is up $1.42 (0.6%) to $230.71 on average volume. Thus far, 162,065 shares of W.W. Grainger exchanged hands as compared to its average daily volume of 428,100 shares. The stock has ranged in price between $228.77-$231.42 after having opened the day at $230.20 as compared to the previous trading day's close of $229.29.

W.W. Grainger, Inc. distributes maintenance, repair, and operating supplies, as well as other related products and services for businesses and institutions primarily in the United States and Canada. W.W. Grainger has a market cap of $16.3 billion and is part of the services sector. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are down 10.2% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate W.W. Grainger a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates W.W. Grainger 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, notable return on equity, growth in earnings per share and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full W.W. Grainger Ratings Report now.

3x UPSIDE POTENTIAL: 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 3 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).

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers