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3 Electronics Stocks Pushing The Industry Higher

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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 91 points (0.6%) at 16,492 as of Wednesday, May 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,744 issues advancing vs. 1,239 declining with 163 unchanged.

The Electronics industry currently sits down 1.0% versus the S&P 500, which is up 0.3%. Top gainers within the industry include Taiwan Semiconductor Manufacturing (TSM), up 1.4%, Avago Technologies (AVGO), up 0.9%, Emerson Electric (EMR), up 0.9%, ASML (ASML), up 0.7% and Intel (INTC), up 0.6%. On the negative front, top decliners within the industry include Trimble Navigation (TRMB), down 14.6%, CGG (CGG), down 10.2%, Cree (CREE), down 2.9%, Kyocera (KYO), down 1.6% and Micron Technology (MU), down 1.2%.

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

3. Ametek (AME) is one of the companies pushing the Electronics industry higher today. As of noon trading, Ametek is up $0.58 (1.1%) to $53.09 on heavy volume. Thus far, 659,331 shares of Ametek exchanged hands as compared to its average daily volume of 848,900 shares. The stock has ranged in price between $52.23-$53.09 after having opened the day at $52.56 as compared to the previous trading day's close of $52.51.

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group (EIG) and Electromechanical Group (EMG). Ametek has a market cap of $13.0 billion and is part of the industrial goods sector. Shares are down 0.3% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Ametek a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Ametek Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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