5 Stocks Pulling The 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 93 points (0.6%) at 15,285 as of Wednesday, Sept. 11, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,438 issues advancing vs. 1,461 declining with 119 unchanged.

The Electronics industry currently sits down 0.2% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include ReneSola ( SOL), down 19.4%, SunEdison ( SUNE), down 5.3%, Cirrus Logic ( CRUS), down 4.7%, LG.Display Company ( LPL), down 3.3% and Semiconductor Manufacturing International C ( SMI), down 3.2%. Top gainers within the industry include Garmin ( GRMN), up 1.7%, Waters Corporation ( WAT), up 1.0%, ABB ( ABB), up 0.8% and Agilent Technologies ( A), up 0.6%.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. Avago Technologies ( AVGO) is one of the companies pushing the Electronics industry lower today. As of noon trading, Avago Technologies is down $0.34 (-0.8%) to $39.32 on average volume. Thus far, 1.2 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $38.68-$39.39 after having opened the day at $39.23 as compared to the previous trading day's close of $39.66.

In 2006 sold image processor and printer semconductor businesses. Avago Technologies has a market cap of $9.6 billion and is part of the technology sector. Shares are up 22.5% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Avago Technologies 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, expanding profit margins, good cash flow from operations and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Avago Technologies 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.

4. As of noon trading, ASML ( ASML) is down $0.89 (-1.0%) to $89.48 on light volume. Thus far, 290,090 shares of ASML exchanged hands as compared to its average daily volume of 953,400 shares. The stock has ranged in price between $88.89-$89.56 after having opened the day at $89.32 as compared to the previous trading day's close of $90.37.

ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide. ASML has a market cap of $39.6 billion and is part of the technology sector. Shares are up 38.9% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate ASML a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates ASML 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, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full ASML 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, Cree ( CREE) is down $0.81 (-1.4%) to $59.23 on average volume. Thus far, 983,028 shares of Cree exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $58.52-$59.78 after having opened the day at $59.68 as compared to the previous trading day's close of $60.04.

Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, and Taiwan. Cree has a market cap of $6.9 billion and is part of the technology sector. Shares are up 68.6% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Cree a buy, 2 analysts rate it a sell, and 8 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Cree 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, Broadcom Corporation ( BRCM) is down $0.48 (-1.8%) to $26.28 on average volume. Thus far, 4.9 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 10.8 million shares. The stock has ranged in price between $26.07-$26.71 after having opened the day at $26.55 as compared to the previous trading day's close of $26.76.

In 2007 bought LVL7 Systems Inc (networking SW) for $62 MM: in 2006 bought Sandburst for $76 (semiconductor); in 2005 bought Athena Semicondctors (21.3), Siliquent Technologies $83.7, Zeevo Inc. $32. Broadcom Corporation has a market cap of $14.2 billion and is part of the technology sector. Shares are down 18.9% year to date as of the close of trading on Tuesday. Currently there are 24 analysts that rate Broadcom Corporation a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Broadcom Corporation as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Broadcom 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.

1. As of noon trading, Intel ( INTC) is down $0.12 (-0.5%) to $22.86 on average volume. Thus far, 15.2 million shares of Intel exchanged hands as compared to its average daily volume of 38.5 million shares. The stock has ranged in price between $22.77-$22.98 after having opened the day at $22.91 as compared to the previous trading day's close of $22.98.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $114.1 billion and is part of the technology sector. Shares are up 11.1% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Intel a buy, 5 analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Intel 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

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment

Deutsche Bank Plans 'Significant' Job Cuts as Q1 Profits Slump

Deutsche Bank Plans 'Significant' Job Cuts as Q1 Profits Slump

Samsung Posts Record Q1 But Adds Cautious Voice To Smartphone Demand Forecasts

Samsung Posts Record Q1 But Adds Cautious Voice To Smartphone Demand Forecasts

Boeing Is Back to Cruising Altitude; GM Gets Assist From Amazon -- ICYMI

Boeing Is Back to Cruising Altitude; GM Gets Assist From Amazon -- ICYMI

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer