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.

2. As of noon trading, Avnet ( AVT) is down $0.60 (-1.3%) to $46.90 on light volume. Thus far, 283,271 shares of Avnet exchanged hands as compared to its average daily volume of 902,400 shares. The stock has ranged in price between $46.74-$47.66 after having opened the day at $47.66 as compared to the previous trading day's close of $47.50.

Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer and storage products, and embedded subsystems in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. Avnet has a market cap of $6.5 billion and is part of the services sector. Shares are up 7.7% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Avnet a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Avnet 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 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 Avnet 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, Magna International ( MGA) is down $0.74 (-0.8%) to $98.55 on light volume. Thus far, 161,465 shares of Magna International exchanged hands as compared to its average daily volume of 660,300 shares. The stock has ranged in price between $98.42-$99.68 after having opened the day at $99.11 as compared to the previous trading day's close of $99.29.

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 $21.8 billion and is part of the services sector. Shares are up 21.0% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Magna International a buy, no analysts rate it a sell, and 4 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, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Magna International 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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