3 Stocks Pushing The Electronics Industry Higher
One out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading up 71 points (0.4%) at 17,316 as of Monday, Nov. 16, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,543 issues advancing vs. 1,341 declining with 209 unchanged.
The Electronics industry currently sits down 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the industry include
(
), up 7.8%,
(
), up 4.7%,
(
), up 4.3%,
Semiconductor Manufacturing International C
(
), up 2.9% and
(
), 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, NVIDIA is up $0.33 (1.1%) to $30.13 on light volume. Thus far, 2.4 million shares of NVIDIA exchanged hands as compared to its average daily volume of 9.4 million shares. The stock has ranged in price between $29.95-$30.37 after having opened the day at $30.19 as compared to the previous trading day's close of $29.80.
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NVIDIA Corporation operates as a visual computing company in the United States, Taiwan, China, the rest of Asia Pacific, Europe, and other Americas. The company operates through two segments, GPU and Tegra Processors. NVIDIA has a market cap of $16.4 billion and is part of the technology sector. Shares are up 48.6% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate NVIDIA a buy, 1 analyst rates it a sell, and 12 rate it a hold.
TheStreet Ratings rates
NVIDIA
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, reasonable valuation levels, solid stock price performance and increase in net income. We feel its 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 $0.16 (0.9%) to $17.40 on light volume. Thus far, 4.7 million shares of Applied Materials exchanged hands as compared to its average daily volume of 16.4 million shares. The stock has ranged in price between $17.02-$17.52 after having opened the day at $17.14 as compared to the previous trading day's close of $17.24.
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Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $19.8 billion and is part of the technology sector. Shares are down 30.8% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate Applied Materials a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Applied Materials
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, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
Applied Materials Ratings Report
now.
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1. As of noon trading,
(
) is up $1.01 (0.9%) to $118.55 on light volume. Thus far, 801,849 shares of Avago Technologies exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $117.08-$119.39 after having opened the day at $117.47 as compared to the previous trading day's close of $117.54.
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Avago Technologies Limited designs, develops, and supplies semiconductor devices with a focus on analog III-V based products. The company operates through four segments: Wireless Communications, Wired Infrastructure, Enterprise Storage, and Industrial & Other segments. Avago Technologies has a market cap of $33.0 billion and is part of the technology sector. Shares are up 16.9% year-to-date as of the close of trading on Friday. Currently there are 18 analysts who rate Avago Technologies a buy, 1 analyst rates it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Avago Technologies
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
Avago Technologies 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
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).