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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 34 points (0.2%) at 16,464 as of Wednesday, Aug. 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,014 issues advancing vs. 970 declining with 140 unchanged.

The Wholesale industry currently sits up 0.5% versus the S&P 500, which is up 0.4%.

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

3. Avnet ( AVT) is one of the companies pushing the Wholesale industry lower today. As of noon trading, Avnet is down $0.46 (-1.1%) to $42.89 on average volume. Thus far, 359,317 shares of Avnet exchanged hands as compared to its average daily volume of 586,400 shares. The stock has ranged in price between $42.76-$43.95 after having opened the day at $43.87 as compared to the previous trading day's close of $43.35.

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 $6.0 billion and is part of the services sector. Shares are down 2.1% 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 increase in stock price during the past year, 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.

2. As of noon trading, Magna International ( MGA) is down $0.71 (-0.7%) to $107.42 on average volume. Thus far, 307,283 shares of Magna International exchanged hands as compared to its average daily volume of 418,000 shares. The stock has ranged in price between $107.10-$108.17 after having opened the day at $107.91 as compared to the previous trading day's close of $108.13.

Magna International Inc. develops, manufactures, engineers, supplies, and sells automotive products. It operates through North America, Europe, Asia, and Rest of World segments. Magna International has a market cap of $23.7 billion and is part of the services sector. Shares are up 32.4% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Magna International a buy, no analysts rate it a sell, and 5 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.

1. As of noon trading, AmerisourceBergen ( ABC) is down $0.81 (-1.1%) to $76.24 on average volume. Thus far, 819,685 shares of AmerisourceBergen exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $75.80-$76.87 after having opened the day at $76.67 as compared to the previous trading day's close of $77.05.

AmerisourceBergen Corporation sources and distributes pharmaceutical products to healthcare providers, pharmaceutical and biotech manufacturers, and specialty drug patients in the United States and internationally. AmerisourceBergen has a market cap of $17.6 billion and is part of the services sector. Shares are up 10.6% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate AmerisourceBergen a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates AmerisourceBergen as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and poor profit margins. Get the full AmerisourceBergen 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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