3 Stocks Advancing The Electronics Industry

TheStreet highlights 3 stocks pushing the electronics industry higher today.
By TheStreet Wire ,

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 37 points (0.2%) at 17,877 as of Wednesday, July 6, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,655 issues advancing vs. 1,273 declining with 140 unchanged.

The Electronics industry currently sits up 0.7% versus the S&P 500, which is up 0.3%. A company within the industry that increased today was

Agilent Technologies

(

A

), up 1.1%. A company within the industry that fell today was

AU Optronics

(

AUO

), up 3.2%.

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

3.

Applied Materials

(

AMAT

) is one of the companies pushing the Electronics industry higher today. As of noon trading, Applied Materials is up $0.13 (0.6%) to $23.97 on light volume. Thus far, 4.9 million shares of Applied Materials exchanged hands as compared to its average daily volume of 13.2 million shares. The stock has ranged in price between $23.52-$23.97 after having opened the day at $23.62 as compared to the previous trading day's close of $23.84.

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Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $26.0 billion and is part of the technology sector. Shares are up 27.7% year-to-date as of the close of trading on Tuesday. Currently there are 14 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

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. 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

Applied Materials Ratings Report

now.

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2. As of noon trading,

NVIDIA

(

NVDA

) is up $0.37 (0.8%) to $47.72 on light volume. Thus far, 3.4 million shares of NVIDIA exchanged hands as compared to its average daily volume of 9.8 million shares. The stock has ranged in price between $46.78-$47.92 after having opened the day at $47.05 as compared to the previous trading day's close of $47.35.

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NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. NVIDIA has a market cap of $24.9 billion and is part of the technology sector. Shares are up 43.7% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate NVIDIA a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates

NVIDIA

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, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full

NVIDIA Ratings Report

now.

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1. As of noon trading,

Intel

(

INTC

) is up $0.19 (0.6%) to $32.87 on average volume. Thus far, 9.0 million shares of Intel exchanged hands as compared to its average daily volume of 22.3 million shares. The stock has ranged in price between $32.38-$32.91 after having opened the day at $32.77 as compared to the previous trading day's close of $32.68.

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Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Software and Services, and All Other segments. Intel has a market cap of $154.6 billion and is part of the technology sector. Shares are down 5.1% year-to-date as of the close of trading on Tuesday. Currently there are 19 analysts who rate Intel a buy, 4 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates

Intel

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, reasonable valuation levels and increase in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full

Intel 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

(

IYW

) while those bearish on the electronics industry could consider

ProShares Ultra Short Semiconductor

(

SSG

).

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