AmerisourceBergen Corp (ABC): 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.

AmerisourceBergen ( ABC) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day up 0.8%. By the end of trading, AmerisourceBergen rose $1.19 (1.8%) to $67.56 on heavy volume. Throughout the day, 2,479,909 shares of AmerisourceBergen exchanged hands as compared to its average daily volume of 1,643,700 shares. The stock ranged in a price between $66.19-$67.89 after having opened the day at $66.19 as compared to the previous trading day's close of $66.37. Other companies within the Wholesale industry that increased today were: Cardinal Health ( CAH), up 4.3%, Aegean Marine Petroleum Network ( ANW), up 4.1%, China Auto Logistics ( CALI), up 4.0% and Tessco Technologies ( TESS), up 4.0%.

AmerisourceBergen Corporation sources and distributes pharmaceutical products to healthcare providers, pharmaceutical and biotech manufacturers, and specialty drug patients in the United States and internationally. AmerisourceBergen has a market cap of $15.4 billion and is part of the services sector. Shares are down 5.4% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate AmerisourceBergen a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates AmerisourceBergen as a buy. The company's strengths can be seen in multiple areas, such as its robust 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, Crystal Rock Holdings ( CRVP), down 4.9%, MWI Veterinary Supply ( MWIV), down 3.6%, Hudson Technology ( HDSN), down 3.1% and Armco Metals Holdings ( AMCO), down 3.0%.

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.

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