3 Stocks Dragging In The Electronics Industry

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

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 4 points (0.0%) at 18,344 as of Wednesday, July 13, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,725 declining with 124 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include

Sensata Technologies Holding N.V

(

ST

), down 1.9%,

Teledyne Technologies

(

TDY

), down 1.9%,

FLIR Systems

(

FLIR

), down 1.8%,

Advanced Semiconductor Engineering

(

ASX

), down 1.4% and

Garmin

(

GRMN

), down 1.2%.

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

3.

Acuity Brands

(

AYI

) is one of the companies pushing the Electronics industry lower today. As of noon trading, Acuity Brands is down $5.80 (-2.2%) to $261.99 on light volume. Thus far, 138,643 shares of Acuity Brands exchanged hands as compared to its average daily volume of 514,500 shares. The stock has ranged in price between $261.90-$268.91 after having opened the day at $268.26 as compared to the previous trading day's close of $267.79.

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Acuity Brands, Inc. designs, produces, and distributes various lighting solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. Acuity Brands has a market cap of $11.6 billion and is part of the technology sector. Shares are up 14.5% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Acuity Brands a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Acuity Brands

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income 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

Acuity Brands Ratings Report

now.

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2. As of noon trading,

Eaton

(

ETN

) is down $0.43 (-0.7%) to $63.53 on light volume. Thus far, 832,262 shares of Eaton exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $63.32-$64.15 after having opened the day at $63.98 as compared to the previous trading day's close of $63.96.

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Eaton Corporation plc operates as a power management company worldwide. Eaton has a market cap of $28.4 billion and is part of the industrial goods sector. Shares are up 22.9% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Eaton a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates

Eaton

as a

buy

. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full

Eaton Ratings Report

now.

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1. As of noon trading,

Skyworks Solutions

(

SWKS

) is down $0.36 (-0.6%) to $65.44 on light volume. Thus far, 1.0 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $65.08-$66.48 after having opened the day at $66.42 as compared to the previous trading day's close of $65.80.

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Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Skyworks Solutions has a market cap of $12.0 billion and is part of the technology sector. Shares are down 14.4% year-to-date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Skyworks Solutions a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Skyworks Solutions

as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full

Skyworks Solutions 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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