STM, ABB And WAT, Pushing Electronics Industry Downward

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 26 points (0.2%) at 15,572 as of Tuesday, July 23, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,636 issues advancing vs. 1,285 declining with 117 unchanged.

The Electronics industry currently sits up 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Advanced Micro Devices ( AMD), down 5.0%, and Broadcom Corporation ( BRCM), down 3.5%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. STMicroelectronics ( STM) is one of the companies pushing the Electronics industry lower today. As of noon trading, STMicroelectronics is down $0.81 (-8.3%) to $8.98 on heavy volume. Thus far, 3.8 million shares of STMicroelectronics exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $8.83-$9.20 after having opened the day at $9.19 as compared to the previous trading day's close of $9.79.

STMicroelectronics N.V. engages in the design, development, manufacture, and marketing of various semiconductor integrated circuits and discrete devices worldwide. STMicroelectronics has a market cap of $8.7 billion and is part of the technology sector. Shares are up 35.2% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate STMicroelectronics a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates STMicroelectronics as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. Get the full STMicroelectronics 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 $0.12 (-0.5%) to $22.83 on average volume. Thus far, 948,210 shares of ABB exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $22.70-$22.85 after having opened the day at $22.81 as compared to the previous trading day's close of $22.95.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $52.5 billion and is part of the technology sector. Shares are up 10.0% 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 has had sub par growth in net income. 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, Waters Corporation ( WAT) is down $6.24 (-5.9%) to $99.17 on heavy volume. Thus far, 1.2 million shares of Waters Corporation exchanged hands as compared to its average daily volume of 505,900 shares. The stock has ranged in price between $97.84-$101.40 after having opened the day at $98.29 as compared to the previous trading day's close of $105.41.

Waters Corporation operates as an analytical instrument manufacturer in the United States and internationally. Waters Corporation has a market cap of $9.0 billion and is part of the health care sector. Shares are up 21.0% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Waters Corporation a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Waters Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Waters Corporation 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).

null

More from Markets

Canopy Growth Lets Down Eager Pot Investors; PayPal Keeps Dominating -- ICYMI

Canopy Growth Lets Down Eager Pot Investors; PayPal Keeps Dominating -- ICYMI

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers