Today's Stocks Driving Success For The Electronics Industry

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.2%) at 15,311 as of Wednesday, Sept. 25, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,760 issues advancing vs. 1,167 declining with 109 unchanged.

The Electronics industry currently sits up 0.6% versus the S&P 500, which is up 0.1%. Top gainers within the industry include SunEdison ( SUNE), up 8.6%, SunPower Corporation ( SPWR), up 5.7%, Garmin ( GRMN), up 4.0%, Lam Research Corporation ( LRCX), up 2.2% and Trimble Navigation ( TRMB), up 1.5%. On the negative front, top decliners within the industry include Advantest ( ATE), down 8.9%, Cypress Semiconductor Corporation ( CY), down 4.7% and Kyocera Corporation ( KYO), down 0.6%.

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

5. Corning ( GLW) is one of the companies pushing the Electronics industry higher today. As of noon trading, Corning is up $0.11 (0.7%) to $14.99 on average volume. Thus far, 4.0 million shares of Corning exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $14.76-$14.99 after having opened the day at $14.87 as compared to the previous trading day's close of $14.88.

Corning Incorporated produces and sells specialty glasses, ceramics, and related materials worldwide. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $21.6 billion and is part of the technology sector. Shares are up 17.4% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Corning a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Corning 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, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Corning Ratings Report now.

3x UPSIDE POTENTIAL: 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, First Solar ( FSLR) is up $1.46 (3.7%) to $40.50 on heavy volume. Thus far, 3.7 million shares of First Solar exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $38.35-$41.00 after having opened the day at $39.00 as compared to the previous trading day's close of $39.04.

First Solar, Inc. provides solar energy solutions. It operates in two segments, Components and Systems. The Components segment engages in the design, manufacture, and sale of solar modules that convert sunlight into electricity. First Solar has a market cap of $3.8 billion and is part of the technology sector. Shares are up 25.7% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate First Solar a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates First Solar as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share. Get the full First Solar Ratings Report now.

3x UPSIDE POTENTIAL: 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, Eaton Corporation ( ETN) is up $0.40 (0.6%) to $70.83 on light volume. Thus far, 837,137 shares of Eaton Corporation exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $69.83-$71.11 after having opened the day at $70.41 as compared to the previous trading day's close of $70.43.

Eaton Corporation plc operates as a diversified power management company worldwide. The company operates through Electrical Americas, Electrical Rest of World, Cooper, Hydraulics, Aerospace, Truck, and Automotive segments. Eaton Corporation has a market cap of $32.9 billion and is part of the technology sector. Shares are up 28.3% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Eaton Corporation a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Eaton Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Eaton Corporation Ratings Report now.

3x UPSIDE POTENTIAL: 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, Applied Materials ( AMAT) is up $0.36 (2.0%) to $17.80 on heavy volume. Thus far, 17.4 million shares of Applied Materials exchanged hands as compared to its average daily volume of 10.9 million shares. The stock has ranged in price between $17.25-$17.94 after having opened the day at $17.28 as compared to the previous trading day's close of $17.44.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $19.2 billion and is part of the technology sector. Shares are up 39.8% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Applied Materials a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Applied Materials as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Applied Materials Ratings Report now.

3x UPSIDE POTENTIAL: 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, Micron Technology ( MU) is up $0.22 (1.3%) to $17.26 on average volume. Thus far, 16.5 million shares of Micron Technology exchanged hands as compared to its average daily volume of 42.2 million shares. The stock has ranged in price between $17.01-$17.33 after having opened the day at $17.06 as compared to the previous trading day's close of $17.04.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $17.7 billion and is part of the technology sector. Shares are up 168.9% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Micron Technology a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Micron Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Micron Technology Ratings Report now.

3x UPSIDE POTENTIAL: 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).

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