Retail Stocks On The Rise With Help From 3 Stocks
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 22 points (-0.2%) at 14,429 as of Tuesday, March 19, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,094 issues advancing vs. 1,811 declining with 142 unchanged.
The Retail industry currently sits down 1.1% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include Michael Kors Holdings ( KORS), down 3.4%, Limited Brands ( LTD), down 2.4%, Amazon.com ( AMZN), down 0.8% and Target ( TGT), down 0.8%.
TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:
3. Walgreen Company ( WAG) is one of the companies pushing the Retail industry higher today. As of noon trading, Walgreen Company is up $2.03 (4.8%) to $44.46 on heavy volume Thus far, 15.6 million shares of Walgreen Company exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $43.10-$45.80 after having opened the day at $43.11 as compared to the previous trading day's close of $42.43.
Walgreen Co., together with its subsidiaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, as well as through mail, and by telephone and online. Walgreen Company has a market cap of $40.2 billion and is part of the services sector. The company has a P/E ratio of 19.2, above the S&P 500 P/E ratio of 17.7. Shares are up 14.6% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Walgreen Company a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates Walgreen Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Walgreen Company Ratings Report now.
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2. As of noon trading, CVS Caremark ( CVS) is up $0.36 (0.7%) to $54.16 on average volume Thus far, 4.2 million shares of CVS Caremark exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $53.95-$54.43 after having opened the day at $54.00 as compared to the previous trading day's close of $53.80.