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

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 lower today making it today's featured Wholesale laggard. The industry as a whole closed the day down 1.4%. By the end of trading, McKesson fell $2.61 (-1.5%) to $167.85 on light volume. Throughout the day, 1,018,939 shares of McKesson exchanged hands as compared to its average daily volume of 1,476,300 shares. The stock ranged in price between $167.62-$170.81 after having opened the day at $170.47 as compared to the previous trading day's close of $170.46. Other companies within the Wholesale industry that declined today were: Wayside Technology Group ( WSTG), down 13.0%, InfoSonics ( IFON), down 10.2%, China Auto Logistics ( CALI), down 6.0% and Huttig Building Products ( HBP), down 4.0%.

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 $39.3 billion and is part of the services sector. Shares are up 5.6% year to date as of the close of trading on Thursday. 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 positive front, Prestige Brands Holdings ( PBH), up 18.1%, Armco Metals Holdings ( AMCO), up 5.3%, Forward Industries ( FORD), up 2.2% and Crystal Rock Holdings ( CRVP), up 2.0%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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