AYI, LRCX And NVDA, 3 Electronics Stocks Pushing The Industry Lower
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%. A company within the industry that fell today was
(
), up 1.4%. Top gainers within the industry include
(
), up 18.7%,
(
), up 7.0%,
(
), up 4.9%,
(
), up 3.2% and
(
), up 2.7%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Electronics industry lower today. As of noon trading, Acuity Brands is down $3.19 (-1.5%) to $215.71 on average volume. Thus far, 200,531 shares of Acuity Brands exchanged hands as compared to its average daily volume of 483,800 shares. The stock has ranged in price between $214.80-$218.00 after having opened the day at $217.99 as compared to the previous trading day's close of $218.90.
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Acuity Brands, Inc. designs, produces, and distributes lighting solutions, components, and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. Acuity Brands has a market cap of $9.5 billion and is part of the technology sector. Shares are up 56.3% year-to-date as of the close of trading on Monday. Currently there are 8 analysts that rate Acuity Brands a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Acuity Brands
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, 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 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
now.
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2. As of noon trading,
(
) is down $0.86 (-1.1%) to $75.74 on light volume. Thus far, 887,015 shares of Lam Research exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $75.51-$76.68 after having opened the day at $76.61 as compared to the previous trading day's close of $76.60.
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Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing systems used in the fabrication of integrated circuits. Lam Research has a market cap of $12.1 billion and is part of the technology sector. Shares are down 3.5% year-to-date as of the close of trading on Monday. Currently there are 10 analysts that rate Lam Research a buy, 1 analyst rates it a sell, and none rate it a hold.
TheStreet Ratings rates
Lam Research
as a
. 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, compelling growth in net income and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
now.
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1. As of noon trading,
(
) is down $0.34 (-1.2%) to $28.36 on average volume. Thus far, 3.6 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 $28.18-$28.69 after having opened the day at $28.53 as compared to the previous trading day's close of $28.70.
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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 $15.3 billion and is part of the technology sector. Shares are up 43.1% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that 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 good cash flow from operations. We feel its strengths outweigh the fact that the company has had sub par growth in net income. 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
(
).