3 Stocks Driving The Electronics 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.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 123 points (-0.7%) at 17,854 as of Tuesday, March 17, 2015, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,105 issues advancing vs. 1,894 declining with 134 unchanged.
The Electronics industry currently sits down 0.3% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include
(
), down 1.5%,
(
), down 1.3%,
(
), down 1.1%,
(
), 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, LG Display is up $0.15 (1.1%) to $14.43 on average volume. Thus far, 215,941 shares of LG Display exchanged hands as compared to its average daily volume of 373,100 shares. The stock has ranged in price between $14.29-$14.46 after having opened the day at $14.38 as compared to the previous trading day's close of $14.28.
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LG Display Co., Ltd. manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels in the Republic of Korea, the United States, Europe, China, and rest of Asia. LG Display has a market cap of $9.9 billion and is part of the technology sector. Shares are down 5.7% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates LG Display a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
LG Display
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, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
now.
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2. As of noon trading,
(
) is up $2.00 (6.3%) to $33.64 on average volume. Thus far, 1.6 million shares of Canadian Solar exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $31.32-$33.66 after having opened the day at $31.32 as compared to the previous trading day's close of $31.64.
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Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar wafers, cells, and solar module products worldwide. The company operates in two segments, Module and Project. Canadian Solar has a market cap of $1.8 billion and is part of the technology sector. Shares are up 30.8% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate Canadian Solar a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
Canadian Solar
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, attractive valuation levels, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
now.
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1. As of noon trading,
(
) is up $1.04 (1.7%) to $61.26 on light volume. Thus far, 1.2 million shares of First Solar exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $59.70-$61.26 after having opened the day at $59.89 as compared to the previous trading day's close of $60.22.
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.
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 $6.1 billion and is part of the technology sector. Shares are up 35.0% 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, solid stock price performance, attractive valuation levels and increase in net income. 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.
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
(
).
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