ETN, EMR And SUNE, Pushing Electronics Industry Downward
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 35 points (-0.2%) at 17,589 as of Tuesday, Oct. 27, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 752 issues advancing vs. 2,254 declining with 128 unchanged.
The Electronics industry currently sits down 0.5% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include
(
), down 14.8%,
(
), down 4.7%,
(
TheStreet Recommends
), down 4.6%,
(
), down 4.1% and
(
), down 3.5%. Top gainers within the industry include
(
), up 12.9%,
(
), up 7.4% and
(
), up 7.1%.
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, Eaton is down $1.00 (-1.9%) to $52.78 on average volume. Thus far, 1.5 million shares of Eaton exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $51.89-$53.31 after having opened the day at $53.26 as compared to the previous trading day's close of $53.78.
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Eaton Corporation plc operates as a power management company worldwide. Eaton has a market cap of $25.4 billion and is part of the industrial goods sector. Shares are down 20.1% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate Eaton a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Eaton
as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels, expanding profit margins, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
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2. As of noon trading,
(
) is down $0.98 (-2.0%) to $47.04 on light volume. Thus far, 1.7 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $46.94-$47.63 after having opened the day at $47.60 as compared to the previous trading day's close of $48.01.
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Emerson Electric Co. provides technology and engineering solutions to industrial, commercial, and consumer markets worldwide. It operates through five segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Emerson Electric has a market cap of $31.7 billion and is part of the industrial goods sector. Shares are down 21.9% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate Emerson Electric a buy, 2 analysts rate it a sell, and 14 rate it a hold.
TheStreet Ratings rates
Emerson Electric
as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full
Emerson Electric Ratings Report
now.
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1. As of noon trading,
(
) is down $0.74 (-9.5%) to $7.05 on average volume. Thus far, 17.7 million shares of SunEdison exchanged hands as compared to its average daily volume of 36.2 million shares. The stock has ranged in price between $7.01-$7.70 after having opened the day at $7.62 as compared to the previous trading day's close of $7.79.
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SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials. SunEdison has a market cap of $2.4 billion and is part of the technology sector. Shares are down 60.2% year-to-date as of the close of trading on Monday. Currently there are 11 analysts that rate SunEdison a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
SunEdison
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. 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
(
).
