3 Stocks Driving The Electronics Industry Higher
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 86 points (0.5%) at 17,915 as of Tuesday, Nov. 3, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,603 issues advancing vs. 1,362 declining with 155 unchanged.
The Electronics industry currently sits up 1.1% versus the S&P 500, which is up 0.2%. Top gainers within the industry include
(
), up 18.7%,
(
), up 7.0%,
(
), up 4.9%,
(
), up 3.2% and
(
), up 2.7%. A company within the industry that fell today was
(
), up 1.4%.
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, Emerson Electric is up $0.73 (1.5%) to $49.08 on light volume. Thus far, 1.8 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $48.00-$50.24 after having opened the day at $48.40 as compared to the previous trading day's close of $48.35.
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.
Emerson Electric Co. provides technology and engineering solutions to industrial, commercial, and consumer markets worldwide. It operates through five segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Emerson Electric has a market cap of $31.0 billion and is part of the industrial goods sector. Shares are down 21.7% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate Emerson Electric a buy, 2 analysts rate it a sell, and 14 rate it a hold.
TheStreet Ratings rates
Emerson Electric
as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full
Emerson Electric Ratings Report
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.
2. As of noon trading,
Taiwan Semiconductor Manufacturing
(
) is up $0.32 (1.4%) to $22.42 on light volume. Thus far, 2.5 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 13.2 million shares. The stock has ranged in price between $22.11-$22.44 after having opened the day at $22.23 as compared to the previous trading day's close of $22.10.
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.
Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $113.9 billion and is part of the technology sector. Shares are down 1.2% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate Taiwan Semiconductor Manufacturing a buy, 2 analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
Taiwan Semiconductor Manufacturing
as a
. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Taiwan Semiconductor Manufacturing Ratings Report
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.
1. As of noon trading,
(
) is up $1.55 (2.0%) to $78.18 on average volume. Thus far, 2.0 million shares of NXP Semiconductors exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $76.06-$78.41 after having opened the day at $76.06 as compared to the previous trading day's close of $76.63.
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.
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. NXP Semiconductors has a market cap of $18.2 billion and is part of the technology sector. Shares are up 0.3% year-to-date as of the close of trading on Monday. Currently there are 12 analysts who rate NXP Semiconductors a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
NXP Semiconductors
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, increase in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
NXP Semiconductors Ratings Report
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
(
).