Waters Corporation (WAT): Today's Featured Electronics Laggard

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.

Waters Corporation ( WAT) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Waters Corporation fell $1.29 (-1.3%) to $98.47 on heavy volume. Throughout the day, 744,889 shares of Waters Corporation exchanged hands as compared to its average daily volume of 471,500 shares. The stock ranged in price between $98.47-$99.81 after having opened the day at $99.48 as compared to the previous trading day's close of $99.76. Other companies within the Electronics industry that declined today were: Aetrium Incorporated ( ATRM), down 9.5%, Sevcon ( SEV), down 7.7%, Pixelworks ( PXLW), down 7.5% and Applied Micro Circuits Corporation ( AMCC), down 6.3%.

Waters Corporation operates as an analytical instrument manufacturer in the United States and internationally. Waters Corporation has a market cap of $8.8 billion and is part of the health care sector. Shares are up 14.5% year to date as of the close of trading on Thursday. 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, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures 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 positive front, Sequans Communications ( SQNS), up 9.7%, Suntech Power Holdings ( STP), up 8.3%, Alliance Fiber Optic Products ( AFOP), up 8.3% and Canadian Solar ( CSIQ), up 7.8% , were all gainers within the electronics industry with Applied Materials ( AMAT) being today's featured electronics industry leader.

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).

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

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