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 or Stephanie Link.
) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.8%. By the end of trading, ABB fell $0.54 (-2.4%) to $22.42 on average volume. Throughout the day, 2,274,377 shares of ABB exchanged hands as compared to its average daily volume of 1,846,100 shares. The stock ranged in price between $21.98-$22.45 after having opened the day at $21.98 as compared to the previous trading day's close of $22.96. Other companies within the Electronics industry that declined today were:
), down 11.8%,
), down 6.6%,
), down 5.1% and
), down 4.8%.
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ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $52.5 billion and is part of the industrial goods sector. Shares are up 10.1% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate ABB a buy, 1 analyst rates it a sell, and 1 rates it a hold.
TheStreet Ratings rates
. 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 and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full ABB Ratings Report.
On the positive front,
), up 17.5%,
), up 13.9%,
), up 12.7% and
), up 9.5% , were all gainers within the electronics industry with
) being today's featured electronics industry leader.
- Use our electronics section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider
) while those bearish on the electronics industry could consider
- Find other investment ideas from our top rated ETFs lists.