5 Stocks Pushing The Electronics Industry Lower

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 60 points (0.4%) at 15,029 as of Tuesday, May 7, 2013, 12:54 PM ET. The NYSE advances/declines ratio sits at 1,907 issues advancing vs. 994 declining with 159 unchanged.

The Electronics industry currently sits down 0.24 versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include MTS Systems Corporation ( MTSC), down 9.86, Advanced Micro Devices ( AMD), down 3.05, Emerson Electric ( EMR), down 1.61 and Taiwan Semiconductor Manufacturing ( TSM), down 0.43.

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

5. SunPower Corporation ( SPWR) is one of the companies pushing the Electronics industry lower today. As of noon trading, SunPower Corporation is down $0.76 (-4.8%) to $15.10 on heavy volume Thus far, 4.8 million shares of SunPower Corporation exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $14.70-$15.92 after having opened the day at $15.70 as compared to the previous trading day's close of $15.86.

SunPower Corporation, an integrated solar products and solutions company, designs, manufactures, and delivers solar electric systems for residential, commercial, and utility-scale power plant customers worldwide. SunPower Corporation has a market cap of $1.8 billion and is part of the technology sector. Shares are up 182.2% year to date as of the close of trading on Monday.

TheStreet Ratings rates SunPower Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full SunPower Corporation Ratings Report now.

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4. As of noon trading, Marvell Technology Group ( MRVL) is down $0.24 (-2.2%) to $10.56 on average volume Thus far, 3.6 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 8.0 million shares. The stock has ranged in price between $10.46-$10.80 after having opened the day at $10.78 as compared to the previous trading day's close of $10.80.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based microprocessor integrated circuits. Marvell Technology Group has a market cap of $5.4 billion and is part of the technology sector. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7. Shares are up 47.5% year to date as of the close of trading on Monday.

TheStreet Ratings rates Marvell Technology Group as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Marvell Technology Group Ratings Report now.

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3. As of noon trading, NVIDIA Corporation ( NVDA) is down $0.26 (-1.9%) to $13.57 on average volume Thus far, 5.7 million shares of NVIDIA Corporation exchanged hands as compared to its average daily volume of 10.5 million shares. The stock has ranged in price between $13.52-$13.86 after having opened the day at $13.83 as compared to the previous trading day's close of $13.83.

NVIDIA Corporation, a visual computing company, develops graphics chips for use in personal computers (PC), mobile devices, and supercomputers. The company operates through two segments, GPU and Tegra Processors. NVIDIA Corporation has a market cap of $8.6 billion and is part of the technology sector. The company has a P/E ratio of 15.4, below the S&P 500 P/E ratio of 17.7. Shares are up 13.1% year to date as of the close of trading on Monday.

TheStreet Ratings rates NVIDIA Corporation 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, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full NVIDIA Corporation Ratings Report now.

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2. As of noon trading, Cree ( CREE) is down $0.71 (-1.2%) to $58.89 on average volume Thus far, 1.1 million shares of Cree exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $58.31-$59.77 after having opened the day at $59.50 as compared to the previous trading day's close of $59.60.

Cree, Inc. develops and manufactures lighting-class light emitting diode (LED) products, lighting products, and semiconductor products for power and radio-frequency (RF) applications. Cree has a market cap of $6.8 billion and is part of the technology sector. The company has a P/E ratio of 98.5, above the S&P 500 P/E ratio of 17.7. Shares are up 71.1% year to date as of the close of trading on Monday.

TheStreet Ratings rates Cree as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Cree Ratings Report now.

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1. As of noon trading, First Solar ( FSLR) is down $4.37 (-9.2%) to $43.32 on heavy volume Thus far, 9.1 million shares of First Solar exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $42.61-$46.72 after having opened the day at $46.62 as compared to the previous trading day's close of $47.69.

First Solar, Inc. provides solar energy solutions. It operates in two segments, Components and Systems. The Components segment engages in the design, manufacture, and sale of solar modules that convert sunlight into electricity. First Solar has a market cap of $4.0 billion and is part of the technology sector. Shares are up 49.1% year to date as of the close of trading on Monday.

TheStreet Ratings rates First Solar as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. Get the full First Solar Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

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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