MGA, ROK And MCK, 3 Wholesale Stocks Pushing The Industry Lower

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 lower today:

3. Magna International ( MGA) is one of the companies pushing the Wholesale industry lower today. As of noon trading, Magna International is down $0.56 (-0.7%) to $82.38 on average volume. Thus far, 233,498 shares of Magna International exchanged hands as compared to its average daily volume of 609,900 shares. The stock has ranged in price between $82.00-$83.14 after having opened the day at $83.14 as compared to the previous trading day's close of $82.94.

Magna International Inc. designs, develops, manufactures, and engineers automotive systems and components to original equipment manufacturers primarily in North America, Europe, and internationally. Magna International has a market cap of $18.8 billion and is part of the services sector. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7. Shares are up 1.1% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Magna International a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Magna 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, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Magna International Ratings Report now.

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2. As of noon trading, Rockwell Automation ( ROK) is down $1.22 (-1.1%) to $110.74 on average volume. Thus far, 527,987 shares of Rockwell Automation exchanged hands as compared to its average daily volume of 745,700 shares. The stock has ranged in price between $110.18-$112.06 after having opened the day at $111.94 as compared to the previous trading day's close of $111.97.

Rockwell Automation, Inc. provides industrial automation power, control, and information solutions. It operates in two segments, Architecture & Software and Control Products & Solutions. Rockwell Automation has a market cap of $15.9 billion and is part of the industrial goods sector. The company has a P/E ratio of 20.5, above the S&P 500 P/E ratio of 17.7. Shares are down 5.2% year-to-date as of the close of trading on Monday. Currently there are 5 analysts that rate Rockwell Automation a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Rockwell Automation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Rockwell Automation Ratings Report now.

STOCKS TO BUY: 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, McKesson ( MCK) is down $1.77 (-1.0%) to $169.23 on light volume. Thus far, 626,420 shares of McKesson exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $168.87-$171.25 after having opened the day at $170.75 as compared to the previous trading day's close of $171.00.

McKesson Corporation, together with its subsidiaries, delivers pharmaceuticals, medical supplies, and health care information technologies to the healthcare industry primarily in the United States. It operates in two segments, McKesson Distribution Solutions and McKesson Technology Solutions. McKesson has a market cap of $40.1 billion and is part of the services sector. The company has a P/E ratio of 26.9, above the S&P 500 P/E ratio of 17.7. Shares are up 6.0% year-to-date as of the close of trading on Monday. Currently there are 13 analysts that rate McKesson a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates McKesson 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, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full McKesson Ratings Report now.

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 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).

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