3 Stocks Pushing The Electronics Industry Higher
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 48 points (0.3%) at 18,145 as of Thursday, March 5, 2015, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,642 issues advancing vs. 1,262 declining with 201 unchanged.
The Electronics industry currently sits up 0.6% versus the S&P 500, which is up 0.2%. Top gainers within the industry include
(
), up 7.6%,
(
), up 1.6%,
(
), up 1.4%,
(
), up 1.4% and
(
), up 0.9%. A company within the industry that fell today was
(
), up 4.2%.
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 $0.30 (1.3%) to $22.73 on average volume. Thus far, 2.7 million shares of NVIDIA exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $22.37-$22.73 after having opened the day at $22.43 as compared to the previous trading day's close of $22.43.
NVIDIA Corporation operates as a visual computing company. The company operates through two segments, GPU and Tegra Processors. NVIDIA has a market cap of $12.1 billion and is part of the technology sector. Shares are up 11.9% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate NVIDIA a buy, 3 analysts rate 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 solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full
now.
2. As of noon trading,
(
) is up $1.77 (3.5%) to $51.82 on heavy volume. Thus far, 2.2 million shares of SolarCity exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $50.01-$52.04 after having opened the day at $50.35 as compared to the previous trading day's close of $50.05.
SolarCity Corporation designs, installs, and sells or leases solar energy systems to residential and commercial customers, and government entities in the United States. SolarCity has a market cap of $4.9 billion and is part of the technology sector. Shares are down 6.4% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate SolarCity a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
SolarCity
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow, poor profit margins, generally high debt management risk and generally disappointing historical performance in the stock itself. Get the full
now.
1. As of noon trading,
(
) is up $0.70 (3.1%) to $23.10 on light volume. Thus far, 3.4 million shares of SunEdison exchanged hands as compared to its average daily volume of 10.6 million shares. The stock has ranged in price between $22.36-$23.17 after having opened the day at $22.63 as compared to the previous trading day's close of $22.40.
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through two segments, Solar Energy and Semiconductor Materials. SunEdison has a market cap of $6.2 billion and is part of the technology sector. Shares are up 14.8% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts who rate SunEdison a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
SunEdison
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full
now.
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
(
).
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