3 Stocks Boosting The Electronics Industry Higher
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 95 points (-0.5%) at 18,476 as of Monday, July 25, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 974 issues advancing vs. 1,919 declining with 171 unchanged.
The Electronics industry currently sits up 0.1% versus the S&P 500, which is down 0.6%. On the negative front, top decliners within the industry include
(
), down 3.7%,
(
), down 2.5%,
Advanced Semiconductor Engineering
(
), down 1.7% and
(
), down 1.2%.
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, Texas Instruments is up $0.37 (0.6%) to $65.86 on average volume. Thus far, 3.8 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $65.32-$66.00 after having opened the day at $65.50 as compared to the previous trading day's close of $65.49.
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Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing. Texas Instruments has a market cap of $65.2 billion and is part of the technology sector. Shares are up 19.5% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate Texas Instruments a buy, 2 analysts rate it a sell, and 15 rate it a hold.
TheStreet Ratings rates
Texas Instruments
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
Texas Instruments Ratings Report
now.
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2. As of noon trading,
(
) is up $1.00 (7.6%) to $14.12 on heavy volume. Thus far, 37.2 million shares of Micron Technology exchanged hands as compared to its average daily volume of 29.9 million shares. The stock has ranged in price between $13.90-$14.33 after having opened the day at $14.00 as compared to the previous trading day's close of $13.13.
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Micron Technology, Inc. provides semiconductor systems worldwide. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. Micron Technology has a market cap of $13.7 billion and is part of the technology sector. Shares are down 7.3% year-to-date as of the close of trading on Friday. Currently there are 13 analysts who rate Micron Technology a buy, 3 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Micron Technology
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full
Micron Technology Ratings Report
now.
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1. As of noon trading,
(
) is up $0.73 (1.3%) to $55.40 on average volume. Thus far, 4.8 million shares of NVIDIA exchanged hands as compared to its average daily volume of 10.1 million shares. The stock has ranged in price between $54.76-$55.80 after having opened the day at $55.00 as compared to the previous trading day's close of $54.67.
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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 $28.4 billion and is part of the technology sector. Shares are up 65.9% year-to-date as of the close of trading on Friday. Currently there are 12 analysts who rate NVIDIA a buy, 2 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
NVIDIA
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. 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
now.
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.
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
(
).