Emerson Electric Co. (EMR): Today's Featured Electronics Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Emerson Electric ( EMR) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.6%. By the end of trading, Emerson Electric rose $1.46 (2.5%) to $60.26 on heavy volume. Throughout the day, 5,704,809 shares of Emerson Electric exchanged hands as compared to its average daily volume of 3,574,400 shares. The stock ranged in a price between $59.58-$60.95 after having opened the day at $59.85 as compared to the previous trading day's close of $58.80. Other companies within the Electronics industry that increased today were: Himax Technologies ( HIMX), up 30.4%, ReneSola ( SOL), up 12.9%, Pixelworks ( PXLW), up 12.0% and Hanwha SolarOne ( HSOL), up 11.7%.

Emerson Electric Co., a diversified technology company, engages in designing and supplying products and technology, and providing engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $41.5 billion and is part of the technology sector. Shares are up 11.0% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Aehr Test Systems ( AEHR), down 11.8%, SatCon Technology Corporation ( SATC), down 10.0%, Dynasil Corporation of America ( DYSL), down 6.7% and GigOptix ( GIG), down 6.6% , were all laggards within the electronics industry with Advanced Micro Devices ( AMD) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Jim Cramer: You Have to Decide If You Want to Profit From This Moment

Jim Cramer: You Have to Decide If You Want to Profit From This Moment

Emerson Electric, S&P Global, Ball Corp.: 'Mad Money' Lightning Round

Emerson Electric, S&P Global, Ball Corp.: 'Mad Money' Lightning Round

Don't Fall for the Downward Bias: Cramer's 'Mad Money' Recap (Thursday, 2/1/18)

Don't Fall for the Downward Bias: Cramer's 'Mad Money' Recap (Thursday, 2/1/18)

The S&P 500 Has Gone Parabolic, So Hurry Up and Buy These 22 Stocks

The S&P 500 Has Gone Parabolic, So Hurry Up and Buy These 22 Stocks

Emerson Electric Likely to Trade Sideways

Emerson Electric Likely to Trade Sideways