Jabil Circuit Inc. (JBL): Today's Featured Electronics Winner

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

Jabil Circuit ( JBL) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 2.6%. By the end of trading, Jabil Circuit rose $0.30 (1.5%) to $20.12 on heavy volume. Throughout the day, 5,247,578 shares of Jabil Circuit exchanged hands as compared to its average daily volume of 2,133,900 shares. The stock ranged in a price between $18.81-$20.38 after having opened the day at $18.81 as compared to the previous trading day's close of $19.82. Other companies within the Electronics industry that increased today were: On Track Innovations ( OTIV), up 22.6%, Amtech Systems ( ASYS), up 12.0%, Advanced Photonix ( API), up 7.8% and Ascent Solar Technologies ( ASTI), up 5.5%.
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Jabil Circuit, Inc., together with its subsidiaries, provides electronic manufacturing services and solutions worldwide. Jabil Circuit has a market cap of $4.0 billion and is part of the technology sector. The company has a P/E ratio of 11.0, below the S&P 500 P/E ratio of 17.7. Shares are up 2.7% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Jabil Circuit a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Jabil Circuit as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Daqo New Energy ( DQ), down 15.5%, China Sunergy ( CSUN), down 10.6%, Yingli Green Energy Holding Company ( YGE), down 10.5% and Dynasil Corporation of America ( DYSL), down 10.1% , were all laggards within the electronics industry with Corning ( GLW) being today's electronics industry laggard.

For investors not wanting singular stock exposure, 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).

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