4 Stocks Pulling The Electronics Industry Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 31 points (0.2%) at 15,006 as of Tuesday, July 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,611 issues advancing vs. 1,325 declining with 103 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is up 0.4%. Top gainers within the industry include Acuity Brands ( AYI), up 6.7%, Lam Research Corporation ( LRCX), up 3.2%, Avago Technologies ( AVGO), up 2.8% and Kyocera Corporation ( KYO), up 1.1%.

TheStreet would like to highlight 4 stocks pushing the industry lower today:

4. United Microelectronics ( UMC) is one of the companies pushing the Electronics industry lower today. As of noon trading, United Microelectronics is down $0.05 (-2.1%) to $2.38 on average volume. Thus far, 870,857 shares of United Microelectronics exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $2.37-$2.40 after having opened the day at $2.38 as compared to the previous trading day's close of $2.43.

United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company offers wafer manufacturing services and other solutions to address the needs of foundry customers. United Microelectronics has a market cap of $6.0 billion and is part of the technology sector. The company has a P/E ratio of 33.4, above the S&P 500 P/E ratio of 17.7. Shares are up 22.1% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates United Microelectronics a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates United Microelectronics 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 good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full United Microelectronics Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, LG.Display Company ( LPL) is down $0.24 (-2.0%) to $11.93 on light volume. Thus far, 180,927 shares of LG.Display Company exchanged hands as compared to its average daily volume of 669,400 shares. The stock has ranged in price between $11.84-$11.96 after having opened the day at $11.87 as compared to the previous trading day's close of $12.17.

LG Display Co., Ltd. engages in the manufacture and sale of thin film transistor liquid crystal display (TFT-LCD) panels in the Republic of Korea, the United States, Europe, China, and rest of Asia. LG.Display Company has a market cap of $8.5 billion and is part of the technology sector. The company has a P/E ratio of 38.5, above the S&P 500 P/E ratio of 17.7. Shares are down 16.0% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates LG.Display Company a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates LG.Display Company as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full LG.Display Company Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, ABB ( ABB) is down $0.41 (-1.9%) to $21.45 on average volume. Thus far, 963,861 shares of ABB exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $21.44-$21.64 after having opened the day at $21.46 as compared to the previous trading day's close of $21.86.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $49.7 billion and is part of the technology sector. The company has a P/E ratio of 18.4, above the S&P 500 P/E ratio of 17.7. Shares are up 5.1% year to date as of the close of trading on Monday. 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 shows low profit margins. Get the full ABB Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Micron Technology ( MU) is down $0.13 (-0.9%) to $14.14 on heavy volume. Thus far, 35.6 million shares of Micron Technology exchanged hands as compared to its average daily volume of 35.0 million shares. The stock has ranged in price between $13.85-$14.20 after having opened the day at $14.03 as compared to the previous trading day's close of $14.27.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $14.8 billion and is part of the technology sector. Shares are up 125.1% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Micron Technology a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Micron Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow. Get the full Micron Technology Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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).

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