Industrial Equipment Wholesale Stocks Technical Reports -- HD Supply, WESCO, MSC Industrial Direct, and W.W. Grainger

Oct 06, 2016, 08:17 ET from Chelmsford Park SA

NEW YORK, September 6, 2016 /PRNewswire/ --

Stock-Callers.com redirects investors' attention to the Wholesale Industrial Equipment industry, which comprises companies that distribute machinery and equipment used in manufacturing, oil and gas exploration and production, and warehousing. Equities in focus are: HD Supply Holdings Inc. (NASDAQ: HDS), WESCO International Inc. (NYSE: WCC), MSC Industrial Direct Co. Inc. (NYSE: MSM), and W.W. Grainger Inc. (NYSE: GWW). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

http://stock-callers.com/registration

HD Supply Holdings  

Atlanta, Georgia headquartered HD Supply Holdings Inc.'s stock finished Wednesday's session at $31.67, rising 0.16%. A total volume of 1.55 million shares was traded. The Company's shares have gained 5.46% since the start of this year. The stock is trading below its 200-day moving average by 1.14%. Moreover, shares of HD Supply Holdings, which operates as an industrial distributor in North America, have a Relative Strength Index (RSI) of 42.84.

On September 19th, 2016, HD Supply Holdings announced that its indirect wholly-owned subsidiary, HD Supply, Inc., has secured commitments from investors to fund a new tranche of term loans in an aggregate principal amount of $550,000,000 priced at 99.50% of the principal amount and bearing interest at a rate of LIBOR plus 2.75% per annum. The Company intends to use the proceeds of such new tranche of term loans, together with cash on hand and borrowings under its existing ABL Credit Facility, to redeem its outstanding $1,275,000,000 aggregate principal amount of 7.50% Senior Notes due 2020 and to pay related fees and expenses. The transaction is expected to close on October 17th, 2016, subject to customary closing conditions.

On September 20th, 2016, research firm RBC Capital Markets downgraded the Company's stock rating from 'Outperform' to 'Sector Perform'. The research firm also revised downwards its previous target price from $43 to $35. Visit us today and access our complete research report on HDS at:

http://stock-callers.com/registration/?symbol=HDS

WESCO Intl. 

Shares in Pittsburgh, Pennsylvania headquartered WESCO International Inc. ended yesterday's session 1.32% higher at $62.24 with a total trading volume of 368,811 shares. The stock has gained 21.97% in the previous three months and 42.49% on an YTD basis. The Company's shares are trading 5.85% above their 50-day moving average and 18.63% above their 200-day moving average. Moreover, shares of WESCO International, which distributes electrical, industrial, and communication maintenance, repair, and operating products; and original equipment manufacturers products and construction materials in North America and internationally, have an RSI of 63.73.

On September 22nd, 2016, WESCO International announced that the redemption of its 6.0% Convertible Senior Debentures due 2029 was completed on September 15th, 2016. Holders of the Debentures received cash totaling $344,804,000, which was equal to the principal amount of the then- outstanding Debentures, in addition to accrued and unpaid interest. Holders who surrendered the Debentures for conversion received 18 shares of WESCO for each $1,000 principal amount of Debentures converted. The complimentary report on WCC can be downloaded at:

http://stock-callers.com/registration/?symbol=WCC

MSC Industrial Direct  

On Wednesday, Melville, New York headquartered MSC Industrial Direct Co. Inc.'s stock climbed 1.72%, to close the day at $74.10. A total volume of 380,258 shares was traded. The Company's shares have advanced 0.52% in the last one month, 0.91% in the previous three months, and 34.19% on an YTD basis. The stock is trading 1.79% above its 50-day moving average and 5.45% above its 200-day moving average. Additionally, shares of MSC Industrial Direct, which together with its subsidiaries, markets and distributes various ranges of metalworking and maintenance, repair, and operations products primarily in the US, have an RSI of 58.40. Register for free on Stock-Callers.com and access the latest research report on MSM at:

http://stock-callers.com/registration/?symbol=MSM

W.W. Grainger  

Shares in Lake Forest, Illinois-based W.W. Grainger Inc. ended the day 1.26% higher at $225.11 and with a total trading volume of 430,656 shares. The stock has gained 0.42% in the previous three months and 13.01% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 0.35% and 3.08%, respectively. Furthermore, shares of W.W. Grainger, which distributes maintenance, repair, and operating supplies; and other related products and services that are used by businesses and institutions, have an RSI of 54.15.

As per notes filed with the SEC, dated October 3rd, 2016, William Lomax, Vice President and Controller and principal accounting officer of W.W. Grainger, resigned from his current position, effective October 1st, 2016. Mr. Lomax will remain employed by the Company in a non-executive officer capacity through December 31st, 2016 to assist W.W. Grainger with the transition. Effective October 1st, 2016, Eric R. Tapia became the company's new Vice President and Controller and principal accounting officer. Get free access to your research report on GWW at:

http://stock-callers.com/registration/?symbol=GWW

--

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer/

CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@stock-callers.com Phone number: +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA