3 Stocks Driving The Electronics Industry Higher

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

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

Sanmina

(

SANM

), up 18.7%,

SolarCity

(

SCTY

), up 7.0%,

Jabil Circuit

(

JBL

), up 4.9%,

United Microelectronics

(

UMC

), up 3.2% and

LG Display

(

LPL

), up 2.7%. A company within the industry that fell today was

Avago Technologies

(

AVGO

), up 1.4%.

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

3.

Emerson Electric

(

EMR

) 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.

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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

hold

. 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.

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2. As of noon trading,

Taiwan Semiconductor Manufacturing

(

TSM

) 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.

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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

buy

. 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.

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1. As of noon trading,

NXP Semiconductors

(

NXPI

) 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.

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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

buy

. 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.

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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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