McKesson Corp (MCK): Today's Featured Wholesale Winner

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.

McKesson ( MCK) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day up 0.4%. By the end of trading, McKesson rose $3.78 (2.2%) to $172.40 on average volume. Throughout the day, 2,073,352 shares of McKesson exchanged hands as compared to its average daily volume of 1,812,200 shares. The stock ranged in a price between $168.02-$173.08 after having opened the day at $169.05 as compared to the previous trading day's close of $168.62. Other companies within the Wholesale industry that increased today were: InfoSonics Corporation ( IFON), up 3.8%, Louisiana-Pacific ( LPX), up 3.6%, Beacon Roofing Supply ( BECN), up 3.4% and Genuine Parts Company ( GPC), up 3.2%.

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 $39.0 billion and is part of the services sector. Shares are up 4.5% year to date as of the close of trading on Wednesday. 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.

On the negative front, Prestige Brands Holdings ( PBH), down 9.1%, MWI Veterinary Supply ( MWIV), down 8.0%, Huttig Building Products ( HBP), down 3.8% and Wesco Aircraft Holdings ( WAIR), down 3.5%.

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).

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 liked this article you might like

How World's Largest Drug Distributor Is Helping Harvey Victims Treat Snakebites

J&J Enters Death Penalty Debate, Protests Use of Drug in Lethal Injection

Eclipse in the USA: Then and Now

Finding Value in a Pricey Environment

Allscripts Stock Climbs, Cantor Upgrades After McKesson Deal