5 Stocks Pushing The Electronics Industry Higher

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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading up 14 points (0.1%) at 12,892 as of Wednesday, Nov. 28, 2012, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,435 issues advancing vs. 1,435 declining with 148 unchanged.

The Electronics industry currently sits up 0.4% versus the S&P 500, which is down 0.0%. Top gainers within the industry include Advanced Micro Devices (AMD), up 3.5%, Freescale Semiconductor (FSL), up 3.7%, Nationstar Mortgage Holdings (NSM), up 2.6%, AU Optronics Corporation (AUO), up 2.5% and Garmin (GRMN), up 1.9%. On the negative front, top decliners within the industry include Silicon Laboratories (SLAB), down 3.4%, Advantest (ATE), down 2.9%, Bruker Corporation (BRKR), down 1.6%, United Microelectronics (UMC), down 1.5% and STMicroelectronics (STM), down 0.8%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Cooper Industries (CBE) is one of the companies pushing the Electronics industry higher today. As of noon trading, Cooper Industries is up $0.48 (0.6%) to $79.14 on average volume Thus far, 1.0 million shares of Cooper Industries exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $78.20-$79.46 after having opened the day at $78.28 as compared to the previous trading day's close of $78.66.

Cooper Industries plc manufactures and sells electrical components and tools in the United States and internationally. It operates in two segments, Energy and Safety Solutions, and Electrical Products Group. Cooper Industries has a market cap of $12.7 billion and is part of the technology sector. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 45.2% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Cooper Industries a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Cooper Industries 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, solid stock price performance, impressive record of earnings per share growth and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Cooper Industries Ratings Report now.

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