3 Stocks Moving The Electronics Industry Upward

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

Two out of the three major indices are trading lower today with the

Dow Jones Industrial Average

(

^DJI

) trading up 1 points (0.0%) at 18,534 as of Tuesday, July 19, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,061 issues advancing vs. 1,832 declining with 165 unchanged.

The Electronics industry currently sits down 0.1% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was

AU Optronics

(

AUO

), up 4.7%. On the negative front, top decliners within the industry include

Marvell Technology Group

(

MRVL

), down 3.2%, and

Amphenol

(

APH

), down 1.1%.

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

3.

ASML

(

ASML

) is one of the companies pushing the Electronics industry higher today. As of noon trading, ASML is up $1.47 (1.4%) to $104.60 on heavy volume. Thus far, 1.9 million shares of ASML exchanged hands as compared to its average daily volume of 797,300 shares. The stock has ranged in price between $103.16-$104.65 after having opened the day at $103.24 as compared to the previous trading day's close of $103.13.

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ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems with a focus on lithography related systems primarily in the Netherlands, the United States, and Asia. ASML has a market cap of $43.5 billion and is part of the technology sector. Shares are up 16.2% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate ASML a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates

ASML

as a

buy

. 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. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full

ASML Ratings Report

now.

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2. As of noon trading,

Acuity Brands

(

AYI

) is up $3.73 (1.4%) to $267.42 on light volume. Thus far, 121,489 shares of Acuity Brands exchanged hands as compared to its average daily volume of 515,200 shares. The stock has ranged in price between $263.49-$267.67 after having opened the day at $263.49 as compared to the previous trading day's close of $263.69.

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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 12.8% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who 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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1. As of noon trading,

NVIDIA

(

NVDA

) is up $0.61 (1.1%) to $53.58 on average volume. Thus far, 6.2 million shares of NVIDIA exchanged hands as compared to its average daily volume of 9.9 million shares. The stock has ranged in price between $52.84-$53.73 after having opened the day at $52.97 as compared to the previous trading day's close of $52.97.

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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 $28.1 billion and is part of the technology sector. Shares are up 60.7% year-to-date as of the close of trading on Monday. 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

buy

. 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, expanding profit margins and good cash flow from operations. 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

NVIDIA 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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