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3 Stocks Pushing The Electronics Industry Lower

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 49 points (0.3%) at 16,344 as of Tuesday, Dec. 24, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,931 issues advancing vs. 985 declining with 162 unchanged.

The Electronics industry currently sits up 0.4% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include United Microelectronics ( UMC), down 2.2%, and Kyocera Corporation ( KYO), down 2.2%.

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

3. Advanced Semiconductor Engineering ( ASX) is one of the companies pushing the Electronics industry lower today. As of noon trading, Advanced Semiconductor Engineering is down $0.08 (-1.7%) to $4.68 on average volume. Thus far, 377,705 shares of Advanced Semiconductor Engineering exchanged hands as compared to its average daily volume of 875,000 shares. The stock has ranged in price between $4.65-$4.72 after having opened the day at $4.72 as compared to the previous trading day's close of $4.76.

Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services in the United States, Taiwan, Asia, and Europe. Advanced Semiconductor Engineering has a market cap of $7.0 billion and is part of the technology sector. Shares are up 11.2% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Advanced Semiconductor Engineering a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Advanced Semiconductor Engineering as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Advanced Semiconductor Engineering 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.
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Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

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