Omnicare Inc (OCR): 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.

Omnicare ( OCR) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day down 0.4%. By the end of trading, Omnicare rose $1.00 (1.7%) to $60.27 on average volume. Throughout the day, 1,781,732 shares of Omnicare exchanged hands as compared to its average daily volume of 1,385,400 shares. The stock ranged in a price between $59.58-$60.69 after having opened the day at $59.97 as compared to the previous trading day's close of $59.27. Other companies within the Wholesale industry that increased today were: Macquarie Infrastructure ( MIC), up 4.3%, Susser Petroleum Partners ( SUSP), up 3.0%, Newport ( NEWP), up 2.8% and Wesco Aircraft Holdings ( WAIR), up 2.8%.

Omnicare, Inc. operates as a healthcare services company that specializes in the management of pharmaceutical care in the United States and Canada. It operates through two segments, Long-Term Care Group and Specialty Care Group. Omnicare has a market cap of $5.8 billion and is part of the health care sector. The company has a P/E ratio of 75.6, above the S&P 500 P/E ratio of 17.7. Shares are down 1.8% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Omnicare a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Omnicare as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Armco Metals Holdings ( AMCO), down 6.5%, Cardinal Health ( CAH), down 6.3%, Olympic Steel ( ZEUS), down 4.5% and China Metro-Rural Holdings ( CNR), down 4.2% , were all laggards within the wholesale industry with Genuine Parts ( GPC) being today's wholesale industry laggard.

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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