5 Stocks Pushing The Electronics Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 12,892 as of Wednesday, Nov. 28, 2012, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,435 issues advancing vs. 1,435 declining with 148 unchanged.

The Electronics industry currently sits up 0.4% versus the S&P 500, which is down 0.0%. Top gainers within the industry include Advanced Micro Devices ( AMD), up 3.5%, Freescale Semiconductor ( FSL), up 3.7%, Nationstar Mortgage Holdings ( NSM), up 2.6%, AU Optronics Corporation ( AUO), up 2.5% and Garmin ( GRMN), up 1.9%. On the negative front, top decliners within the industry include Silicon Laboratories ( SLAB), down 3.4%, Advantest ( ATE), down 2.9%, Bruker Corporation ( BRKR), down 1.6%, United Microelectronics ( UMC), down 1.5% and STMicroelectronics ( STM), down 0.8%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Cooper Industries ( CBE) is one of the companies pushing the Electronics industry higher today. As of noon trading, Cooper Industries is up $0.48 (0.6%) to $79.14 on average volume Thus far, 1.0 million shares of Cooper Industries exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $78.20-$79.46 after having opened the day at $78.28 as compared to the previous trading day's close of $78.66.

Cooper Industries plc manufactures and sells electrical components and tools in the United States and internationally. It operates in two segments, Energy and Safety Solutions, and Electrical Products Group. Cooper Industries has a market cap of $12.7 billion and is part of the technology sector. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 45.2% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Cooper Industries a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Cooper Industries as a buy. 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, solid stock price performance, impressive record of earnings per share growth and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Cooper Industries Ratings Report now.

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4. As of noon trading, Altera ( ALTR) is up $0.44 (1.4%) to $31.98 on light volume Thus far, 1.2 million shares of Altera exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $31.31-$32.20 after having opened the day at $31.40 as compared to the previous trading day's close of $31.54.

Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and associated development tools. Altera has a market cap of $10.2 billion and is part of the technology sector. The company has a P/E ratio of 17.8, above the S&P 500 P/E ratio of 17.7. Shares are down 14.0% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Altera a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Altera as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Altera Ratings Report now.

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3. As of noon trading, Applied Materials ( AMAT) is up $0.15 (1.4%) to $10.51 on light volume Thus far, 4.2 million shares of Applied Materials exchanged hands as compared to its average daily volume of 13.5 million shares. The stock has ranged in price between $10.24-$10.55 after having opened the day at $10.33 as compared to the previous trading day's close of $10.36.

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 $13.0 billion and is part of the technology sector. The company has a P/E ratio of 14.0, below the S&P 500 P/E ratio of 17.7. Shares are down 3.3% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Applied Materials a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Applied Materials as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Applied Materials Ratings Report now.

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2. As of noon trading, Agilent Technologies ( A) is up $0.28 (0.8%) to $37.62 on light volume Thus far, 1.0 million shares of Agilent Technologies exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $36.93-$37.66 after having opened the day at $37.12 as compared to the previous trading day's close of $37.34.

Agilent Technologies, Inc. provides bio-analytical and electronic measurement solutions to the communications, electronics, life sciences, and chemical analysis industries worldwide. Agilent Technologies has a market cap of $13.1 billion and is part of the technology sector. The company has a P/E ratio of 12.0, below the S&P 500 P/E ratio of 17.7. Shares are up 7.3% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Agilent Technologies a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Agilent Technologies as a buy. 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, attractive valuation levels, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Agilent Technologies Ratings Report now.

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1. As of noon trading, First Solar ( FSLR) is up $0.68 (2.6%) to $26.96 on average volume Thus far, 4.3 million shares of First Solar exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $25.20-$27.15 after having opened the day at $26.28 as compared to the previous trading day's close of $26.28.

First Solar, Inc. engages in the design, manufacture, and sale of solar modules using a thin-film semiconductor technology in the United States and internationally. The company is also involved in the design, construction, and sale of photovoltaic solar power systems. First Solar has a market cap of $2.2 billion and is part of the technology sector. Shares are down 25.0% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate First Solar a buy, 1 analyst rates it a sell, and 19 rate it a hold.

TheStreet Ratings rates First Solar as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full First Solar Ratings Report now.

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If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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