3 Stocks Pushing The Wholesale 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 16,556 as of Thursday, April 3, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,086 issues advancing vs. 1,855 declining with 176 unchanged.

The Wholesale industry currently sits down 0.5% versus the S&P 500, which is down 0.3%. A company within the industry that fell today was McKesson ( MCK), up 1.2%. A company within the industry that increased today was Fastenal Company ( FAST), up 1.4%.

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

3. Ingram Micro ( IM) is one of the companies pushing the Wholesale industry lower today. As of noon trading, Ingram Micro is down $0.55 (-1.8%) to $29.31 on average volume. Thus far, 486,026 shares of Ingram Micro exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $29.31-$29.96 after having opened the day at $29.96 as compared to the previous trading day's close of $29.86.

Ingram Micro Inc. distributes information technology (IT) products; and provides IT supply-chain, mobile device lifecycle, and logistics solutions worldwide. Ingram Micro has a market cap of $4.6 billion and is part of the services sector. Shares are up 27.3% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Ingram Micro a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Ingram Micro 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 growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Ingram Micro 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 liked this article you might like

Fishing for Acquisition Candidates in a Shallow Deep-Value Pond

Is Kulicke & Soffa a Buyout Candidate?

David Einhorn Cashed Out of These 9 Stocks

Heavy Early Morning Activity On Ingram Micro (IM)

Strong And Under The Radar Today: Ingram Micro (IM)