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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 67 points (-0.4%) at 17,031 as of Tuesday, Sept. 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,801 declining with 159 unchanged.

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

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

3. Magna International ( MGA) is one of the companies pushing the Wholesale industry lower today. As of noon trading, Magna International is down $0.77 (-0.7%) to $112.70 on average volume. Thus far, 248,985 shares of Magna International exchanged hands as compared to its average daily volume of 421,100 shares. The stock has ranged in price between $112.53-$113.72 after having opened the day at $113.30 as compared to the previous trading day's close of $113.47.

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 $24.3 billion and is part of the services sector. Shares are up 38.3% year-to-date as of the close of trading on Friday. 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 solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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.

2. As of noon trading, Hain Celestial Group ( HAIN) is down $0.81 (-0.8%) to $97.55 on average volume. Thus far, 285,709 shares of Hain Celestial Group exchanged hands as compared to its average daily volume of 652,300 shares. The stock has ranged in price between $97.12-$98.20 after having opened the day at $98.12 as compared to the previous trading day's close of $98.36.

The Hain Celestial Group, Inc., together with its subsidiaries, manufactures, markets, distributes, and sells organic and natural products. Hain Celestial Group has a market cap of $5.0 billion and is part of the services sector. Shares are up 8.3% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate Hain Celestial Group a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Hain Celestial Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Hain Celestial Group 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 $0.22 (-0.5%) to $45.06 on light volume. Thus far, 534,225 shares of Fastenal exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $45.06-$45.66 after having opened the day at $45.39 as compared to the previous trading day's close of $45.28.

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 $13.4 billion and is part of the services sector. Shares are down 4.7% year-to-date as of the close of trading on Friday. Currently there are 4 analysts that rate Fastenal a buy, 1 analyst rates it a sell, and 5 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 good cash flow from operations. 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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