Cree Inc. (CREE): 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.

Cree ( CREE) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 1.1%. By the end of trading, Cree rose $0.75 (1.0%) to $72.88 on light volume. Throughout the day, 768,277 shares of Cree exchanged hands as compared to its average daily volume of 1,816,800 shares. The stock ranged in a price between $71.82-$72.98 after having opened the day at $71.92 as compared to the previous trading day's close of $72.13. Other companies within the Electronics industry that increased today were: CSR ( CSRE), up 179.5%, Pulse Electronics ( PULS), up 31.2%, Viasystems Group ( VIAS), up 23.9% and Canadian Solar ( CSIQ), up 11.6%.

Cree, Inc. develops and manufactures lighting-class light emitting diode (LED) products, lighting products, and semiconductor products for power and radio-frequency (RF) applications. Cree has a market cap of $8.6 billion and is part of the technology sector. Shares are up 114.8% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Cree a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Cree as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Aetrium Incorporated ( ATRM), down 16.1%, Nam Tai Electronics ( NTE), down 14.9%, SatCon Technology Corporation ( SATC), down 10.0% and LightPath Technologies ( LPTH), down 8.5% , were all laggards within the electronics industry with KLA-Tencor Corporation ( KLAC) 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.
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