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 down 19 points (-0.1%) at 13,006 as of Monday, Dec. 3, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,239 issues advancing vs. 1,655 declining with 129 unchanged.

The Electronics industry currently sits up 0.2% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Geospace Technologies ( GEOS), up 24.6%, Nam Tai Electronics ( NTE), up 8.7% and AU Optronics Corporation ( AUO), up 6.3%. On the negative front, top decliners within the industry include Mellanox Technologies ( MLNX), down 4.1%, Kyocera Corporation ( KYO), down 1.9% and STMicroelectronics ( STM), down 1.2%.

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

5. Garmin ( GRMN) is one of the companies pushing the Electronics industry higher today. As of noon trading, Garmin is up $0.48 (1.2%) to $39.37 on light volume Thus far, 312,496 shares of Garmin exchanged hands as compared to its average daily volume of 891,100 shares. The stock has ranged in price between $38.71-$39.47 after having opened the day at $39.39 as compared to the previous trading day's close of $38.89.

Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, and markets global positioning system (GPS) enabled products and other navigation, communication, and information products for the automotive/mobile, outdoor, fitness, marine, and general aviation markets worldwide. Garmin has a market cap of $8.1 billion and is part of the technology sector. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are down 2.6% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Garmin a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Garmin 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, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Garmin Ratings Report now.

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