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Sep 30, 2023

Wholesale Distributors Surge: $GIC, $POOL, $SITE, $FERG, $CNM Gain +2.68%!

Wholesale Distributors Sector: Navigating the Recent Market Movements

๐Ÿ“Œ Description:

The Wholesale Distributors industry has shown marked improvements, gaining +2.68% in the past week. Dive with us into the realm of market movements, sectoral shifts, and the influence these changes have had on various significant tickers within the sector.

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๐Ÿข Industry Description:

Companies within the Wholesale Distributors industry play a crucial role in handling the wholesale shipments for manufacturers. These entities have vast warehouses and distribution centers, ensuring products reach retailers promptly. The industry has been undergoing significant shifts, from digitization and increasing competition to evolving customer demands and product innovations. All these aspects hint at the potential need for revisiting and revising business models. Data and analytics are now paramount in predicting consumer demands and shaping business strategies. Leading the industry are giants like Fastenal Company, W.W. Grainger, Inc., Genuine Parts Company, and Pool Corporation.

Tickers in This Group:

$GWW $FAST $AIT $BECN $BXC $DXPE $EVI $DSGR $MSM $GIC $TITN $TRNS $WCC $WSO $POOL $SITE $FERG $CNM

๐Ÿ“Š Market Cap:

Wholesale Distributors boast an average market capitalization of $9.3B. Ticker values within this group vary, with $GWW taking the top spot at $34.5B and $EVI at the other end with $287.6M.

๐Ÿ“ˆ High and Low Price Notable News:

Within the past week, stocks in this group witnessed an average price growth of 3.71%. On a monthly basis, the shift is a decrease of -2.41%, while quarterly figures indicate an increase of 15.58%. $FERG stands out with a robust 12.02% growth, whereas $EVI dipped the most at -2.9%.

๐Ÿ”Š Volume:

The volume trajectory indicates an average weekly growth of 16.73% across all stocks within this industry. Monthly figures depict a strong surge of 67.63%, while quarterly statistics show a modest 4.92% growth.

๐Ÿ” Fundamental Analysis Ratings:

Understanding the industry requires a deep dive into its fundamental ratings:

  • Valuation Rating: 59
  • P/E Growth Rating: 43
  • Price Growth Rating: 46
  • SMR Rating: 44
  • Profit Risk Rating: 40
  • Seasonality Score: -8 (Scale: -100 to +100)

๐Ÿ“ˆ Ticker Spotlight:

$GWW:

MACD: On September 25, 2023, $GWW's MACD turned positive, suggesting a probable upward trend with a 76% likelihood based on past trends.

Price Forecast: The stock is currently trading at $691.89, crossing the resistance at $689.77, oscillating between the $899.30 support and $689.77 resistance lines.

$FAST:

Stochastic Oscillator: This ticker moved out of the oversold zone on September 26, 2023, hinting at a potential bullish phase. Historically, in 72% of similar instances, the stock climbed higher in subsequent days.

Price Movement: $FAST's price currently stands at $54.64, successfully crossing the $48.71 resistance.

$AIT:

Stochastic Oscillator: On September 27, 2023, $AIT's Stochastic Indicator exited the oversold zone, which is a bullish signal. There's a 74% chance of a continued upward movement.

Price Insights: The stock is currently priced at $154.69, with its price moving between the $158.24 support and $151.66 resistance lines.

$BECN:

Stochastic Oscillator: BECN's Stochastic Indicator marked its exit from the oversold territory on September 27, 2023. This could serve as a bullish omen for traders. In the past, 88% of similar events saw the stock ascend in the following days.

Price Forecast: Trading at $77.17, BECN is surpassing its highest support at $63.31. The previous month experienced a minimal uptrend of +0.61%, while the last week showcased a stronger uptrend of +4%.

$EVI:

RSI Oscillator: EVI's RSI recovered from the oversold region on September 26, 2023. This could indicate a trend shift from a decline to an ascent. In past similar scenarios, the stock went up in 90% of instances.

Price Movement: Currently, EVI stands at $24.71. It is trading between the resistance at $25.03 and support at $21.37. Over the past month, a downtrend of -5% was observed, but the stock recuperated a bit, falling just -3% over the last week.

$DSGR:

Stochastic Oscillator: On September 26, 2023, DSGR's Stochastic Indicator exited the oversold territory, potentially heralding a bullish phase. In 85% of historical cases resembling this, the stock experienced an upward trajectory in the subsequent days.

Price Analysis: The current trading price for DSGR is $26.00, which has crossed the $24.09 support line and now moves between the resistance at $35.32 and the support at $24.09.

$MSM:

RSI Indicator: MSM's RSI made an upward shift out of the oversold zone on September 14, 2023. This could be a sign of a bullish turnaround. In 70% of such previous instances, the stock price went up.

Price Insights: The current trading price for MSM is $98.19, positioning it above the highest resistance at $84.88.

$GIC:

MACD: GIC's MACD turned positive on September 28, 2023. In the past, the stock continued its rise in 84% of cases when MACD had turned positive.

Price Movement: GIC is trading at $33.49, having surpassed the resistance at $30.76.

$TRNS:

RSI Oscillator: The RSI for TRNS signaled its exit from the oversold region on September 27, 2023. This might be indicative of an upward trajectory. Historically, in 89% of such instances, the stock climbed further.

Price Movement: Currently, TRNS's price is $97.97, slightly above the highest resistance found at $97.81.

$WSO:

Moving Average: WSO experienced an upward trend, as indicated by its crossing above the 50-day moving average on September 27, 2023. Historically, in 71% of similar movements, the stock trend continued upwards.

Price Insights: The current trading price for WSO is $377.75, well above the $298.70 resistance.

$POOL:

RSI Oscillator: POOL's RSI emerged out of the oversold zone on August 23, 2023, suggesting a potential upward trend. Historically, in 90% of similar events, the stock price trended upwards.

Price Dynamics: At present, POOL is trading at $356.10, positioning it above the $335.49 support.

$SITE:

Moving Average: SITE marked a shift to an upward trend by crossing its 50-day moving average on September 27, 2023. Historically, in 90% of such cases, the upward trajectory continued.

Price Movement: Currently, SITE's price stands at $163.62, with the stock trading between the resistance at $194.87 and the support at $157.07.

$FERG:

Moving Average: On September 26, 2023, FERG went above its 50-day moving average, signaling a potential upward shift. In the past, 72% of such instances witnessed a continued rise in the stock.

Price Analysis: Currently, FERG trades at $164.42, having surpassed the resistance at $140.62.

$CNM:

Stochastic Oscillator: CNM's Stochastic Indicator moved out of the oversold zone on September 27, 2023, which might be a bullish sign. Based on past patterns, there's a 90% probability of the stock moving upwards.

Price Insights: CNM is currently priced at $28.84, comfortably above the $23.09 resistance line.

The Wholesale Distributors sector appears poised for promising moves. Several tickers exhibit encouraging signs, with positive shifts in Stochastic and RSI oscillators, as well as MACD. Traders should continuously monitor these tickers to capitalize on potential opportunities. As always, it's imperative to conduct comprehensive research and seek expert advice before making any trading decisions.

Related Ticker: GWW, FAST, AIT, BECN, BXC, DXPE, EVI, DSGR, MSM, GIC, TITN, TRNS, WCC, WSO, POOL, SITE, FERG, CNM

GWW in upward trend: price rose above 50-day moving average on July 15, 2024

GWW moved above its 50-day moving average on July 15, 2024 date and that indicates a change from a downward trend to an upward trend. In of 36 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 12, 2024. You may want to consider a long position or call options on GWW as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for GWW just turned positive on June 13, 2024. Looking at past instances where GWW's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for GWW crossed bullishly above the 50-day moving average on July 17, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GWW advanced for three days, in of 368 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 317 cases where GWW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for GWW moved out of overbought territory on July 18, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 similar instances where the indicator moved out of overbought territory. In of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GWW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

GWW broke above its upper Bollinger Band on July 15, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 73%.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 50, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. GWWโ€™s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: GWW's P/B Ratio (15.924) is very high in comparison to the industry average of (4.278). P/E Ratio (27.868) is within average values for comparable stocks, (34.609). Projected Growth (PEG Ratio) (2.930) is also within normal values, averaging (2.470). Dividend Yield (0.007) settles around the average of (0.025) among similar stocks. GWW's P/S Ratio (3.069) is slightly higher than the industry average of (1.551).

Notable companies

The most notable companies in this group are Fastenal Company (NASDAQ:FAST).

Industry description

Companies in this industry handle the wholesale shipments for the manufacturer of a product. They have warehouses and distribution centers, and they ship products directly to the retailer. Digitization, increasing competition, emerging customer demand, and product innovation are some of shifts that the industry has been facing in recent times โ€“ something that is potentially creating needs/opportunities for business model revisions or transformations. Data, analytics, and technology are becoming increasingly important for whole distributors in anticipating and analyzing consumer needs, and therefore planning their business strategies accordingly. Fastenal Company, W.W. Grainger, Inc., Genuine Parts Company and Pool Corporation are some of the largest names in the business.

Market Cap

The average market capitalization across the Wholesale Distributors Industry is 8.02B. The market cap for tickers in the group ranges from 70.2K to 49.98B. GWW holds the highest valuation in this group at 49.98B. The lowest valued company is SCOO at 70.2K.

High and low price notable news

The average weekly price growth across all stocks in the Wholesale Distributors Industry was 5%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 6%. BXC experienced the highest price growth at 19%, while ADRZY experienced the biggest fall at -3%.

Volume

The average weekly volume growth across all stocks in the Wholesale Distributors Industry was 28%. For the same stocks of the Industry, the average monthly volume growth was 20% and the average quarterly volume growth was -29%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 42
Price Growth Rating: 50
SMR Rating: 58
Profit Risk Rating: 49
Seasonality Score: 19 (-100 ... +100)
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General Information

a supplier of maintenance, repair and operating products

Industry WholesaleDistributors

Profile
Fundamentals
Details
Industry
Wholesale Distributors
Address
100 Grainger Parkway
Phone
+1 847 535-1000
Employees
26100
Web
https://www.grainger.com
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