4 Electronics Stocks Nudging The 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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 20 points (-0.1%) at 15,298 as of Wednesday, June 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Electronics industry currently sits down 0.46 versus the S&P 500, which is down 0.17. A company within the industry that increased today was Kyocera Corporation ( KYO), up 1.20. On the negative front, top decliners within the industry include Marvell Technology Group ( MRVL), down 1.90, Trimble Navigation ( TRMB), down 1.41, Garmin ( GRMN), down 1.54, NXP Semiconductor ( NXPI), down 1.31 and LG.Display Company ( LPL), down 0.98.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. ABB ( ABB) is one of the companies pushing the Electronics industry higher today. As of noon trading, ABB is up $0.12 (0.53) to $22.56 on average volume Thus far, 846,041 shares of ABB exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $22.51-$22.75 after having opened the day at $22.69 as compared to the previous trading day's close of $22.44.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $51.2 billion and is part of the technology sector. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are up 7.9% year to date as of the close of trading on Tuesday. 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 ABB 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, 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. Get the full ABB Ratings Report now.

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