3 Stocks Dragging In The Wholesale Industry

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 37 points (0.2%) at 16,943 as of Wednesday, July 9, 2014, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,468 issues advancing vs. 1,471 declining with 161 unchanged.

The Wholesale industry currently is unchanged today versus the S&P 500, which is up 0.3%.

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

3. MSC Industrial Direct ( MSM) is one of the companies pushing the Wholesale industry lower today. As of noon trading, MSC Industrial Direct is down $3.76 (-4.0%) to $89.62 on heavy volume. Thus far, 678,564 shares of MSC Industrial Direct exchanged hands as compared to its average daily volume of 329,000 shares. The stock has ranged in price between $89.09-$91.67 after having opened the day at $90.23 as compared to the previous trading day's close of $93.38.

MSC Industrial Direct Co., Inc., together with its subsidiaries, markets and distributes metalworking, and maintenance, repair, and operations (MRO) supplies primarily in the United States. MSC Industrial Direct has a market cap of $4.5 billion and is part of the services sector. Shares are up 15.5% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate MSC Industrial Direct a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates MSC Industrial Direct 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, expanding profit margins, good cash flow from operations and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full MSC Industrial Direct 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 $0.42 (-0.9%) to $44.08 on light volume. Thus far, 145,417 shares of Avnet exchanged hands as compared to its average daily volume of 721,700 shares. The stock has ranged in price between $44.06-$44.78 after having opened the day at $44.51 as compared to the previous trading day's close of $44.50.

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 $6.2 billion and is part of the services sector. Shares are up 0.9% year-to-date as of the close of trading on Tuesday. 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 solid stock price performance, increase in net income, revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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, Fastenal ( FAST) is down $0.50 (-1.0%) to $49.00 on average volume. Thus far, 631,700 shares of Fastenal exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $48.87-$49.78 after having opened the day at $49.70 as compared to the previous trading day's close of $49.50.

Fastenal Company, together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners and other industrial and construction supplies under the Fastenal name. Fastenal has a market cap of $14.8 billion and is part of the services sector. Shares are up 4.2% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Fastenal a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Fastenal 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, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Fastenal 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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