3 Electronics Stocks On The Rise
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.
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 41 points (-0.2%) at 18,075 as of Tuesday, March 24, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,371 issues advancing vs. 1,586 declining with 175 unchanged.
The Electronics industry currently sits up 0.4% versus the S&P 500, which is down 0.2%. Top gainers within the industry include
Semiconductor Manufacturing International C
(
), up 4.5%,
(
), up 2.1%,
(
), up 0.7% and
(
), up 0.6%. On the negative front, top decliners within the industry include
(
), down 2.2%,
Advanced Semiconductor Engineering
(
), down 1.3%,
(
), down 1.1% and
(
), down 1.0%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Electronics industry higher today. As of noon trading, Lam Research is up $0.83 (1.1%) to $79.26 on light volume. Thus far, 530,952 shares of Lam Research exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $78.30-$79.51 after having opened the day at $78.50 as compared to the previous trading day's close of $78.43.
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Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing systems used in the fabrication of integrated circuits. Lam Research has a market cap of $12.6 billion and is part of the technology sector. Shares are down 1.1% year-to-date as of the close of trading on Monday. Currently there are 13 analysts who rate Lam Research a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Lam Research
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full
now.
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2. As of noon trading,
(
) is up $2.22 (3.7%) to $62.80 on average volume. Thus far, 1.6 million shares of First Solar exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $60.36-$63.10 after having opened the day at $60.36 as compared to the previous trading day's close of $60.58.
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First Solar, Inc. provides solar energy solutions worldwide. The company operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells solar modules that convert sunlight into electricity. First Solar has a market cap of $6.0 billion and is part of the technology sector. Shares are up 35.8% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate First Solar a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
First Solar
as a
. 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, increase in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
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1. As of noon trading,
(
) is up $0.15 (0.6%) to $24.12 on average volume. Thus far, 6.3 million shares of Applied Materials exchanged hands as compared to its average daily volume of 13.8 million shares. The stock has ranged in price between $23.84-$24.26 after having opened the day at $24.00 as compared to the previous trading day's close of $23.97.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $29.6 billion and is part of the technology sector. Shares are down 3.8% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate Applied Materials a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Applied Materials
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
Applied Materials Ratings Report
now.
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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the electronics industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).
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