Rockwell Automation Inc (ROK): 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.

Rockwell Automation ( ROK) 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, Rockwell Automation rose $1.32 (1.1%) to $127.02 on average volume. Throughout the day, 664,074 shares of Rockwell Automation exchanged hands as compared to its average daily volume of 860,200 shares. The stock ranged in a price between $125.34-$127.40 after having opened the day at $125.95 as compared to the previous trading day's close of $125.70. Other companies within the Wholesale industry that increased today were: Watsco ( WSO.B), up 6.9%, Watsco ( WSO), up 5.4%, Richardson Electronics ( RELL), up 4.8% and Huttig Building Products ( HBP), up 3.7%.

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 $17.0 billion and is part of the industrial goods sector. Shares are up 6.4% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Rockwell Automation a buy, 2 analysts rate it a sell, and 5 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Taitron Components ( TAIT), down 7.4%, Armco Metals Holdings ( AMCO), down 4.9%, China Auto Logistics ( CALI), down 2.5% and Crystal Rock Holdings ( CRVP), down 2.3%.

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.

More from Markets

Dow Set to Snap 8-Day Losing Streak as Stocks Recover, But Trade War Lingers

Dow Set to Snap 8-Day Losing Streak as Stocks Recover, But Trade War Lingers

Dow Sinks for Eighth Straight Session; Intel's CEO Departs -- ICYMI

Dow Sinks for Eighth Straight Session; Intel's CEO Departs -- ICYMI

Dow Logs Eighth Straight Drop as Stocks Slump

Dow Logs Eighth Straight Drop as Stocks Slump

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks