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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 22 points (-0.1%) at 16,065 as of Monday, Dec. 2, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,883 declining with 116 unchanged.

The Electronics industry currently sits down 0.6% versus the S&P 500, which is unchanged. A company within the industry that fell today was Taiwan Semiconductor Manufacturing ( TSM), up 0.9%. Top gainers within the industry include Broadcom Corporation ( BRCM), up 1.2%, Trimble Navigation ( TRMB), up 1.1% and TE Connectivity ( TEL), up 0.6%.

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

5. ABB ( ABB) is one of the companies pushing the Electronics industry lower today. As of noon trading, ABB is down $0.19 (-0.7%) to $25.36 on light volume. Thus far, 433,610 shares of ABB exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $25.35-$25.47 after having opened the day at $25.43 as compared to the previous trading day's close of $25.55.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $58.6 billion and is part of the industrial goods sector. The company has a P/E ratio of 21.6, above the S&P 500 P/E ratio of 17.7. Shares are up 22.8% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate ABB a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. 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.

4. As of noon trading, Altera ( ALTR) is down $0.50 (-1.6%) to $31.75 on average volume. Thus far, 2.0 million shares of Altera exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $31.53-$32.07 after having opened the day at $31.80 as compared to the previous trading day's close of $32.25.

Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and proprietary development software. Altera has a market cap of $10.4 billion and is part of the technology sector. The company has a P/E ratio of 22.7, above the S&P 500 P/E ratio of 17.7. Shares are down 6.2% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Altera a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Altera 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, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Altera 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, Applied Materials ( AMAT) is down $0.14 (-0.8%) to $17.16 on light volume. Thus far, 2.6 million shares of Applied Materials exchanged hands as compared to its average daily volume of 12.7 million shares. The stock has ranged in price between $17.14-$17.28 after having opened the day at $17.27 as compared to the previous trading day's close of $17.30.

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 $20.9 billion and is part of the technology sector. The company has a P/E ratio of 82.6, above the S&P 500 P/E ratio of 17.7. Shares are up 51.2% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Applied Materials a buy, 1 analyst rates it a sell, and 7 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 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 Applied Materials 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, Texas Instruments ( TXN) is down $0.22 (-0.5%) to $42.78 on light volume. Thus far, 2.0 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $42.72-$43.00 after having opened the day at $42.95 as compared to the previous trading day's close of $43.00.

Texas Instruments Incorporated engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. The company operates in four segments: Analog, Embedded Processing, Wireless, and Other. Texas Instruments has a market cap of $46.5 billion and is part of the technology sector. The company has a P/E ratio of 25.2, above the S&P 500 P/E ratio of 17.7. Shares are up 37.6% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Texas Instruments a buy, 2 analysts rate it a sell, and 18 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Texas Instruments 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 $0.15 (-0.6%) to $23.69 on light volume. Thus far, 10.6 million shares of Intel exchanged hands as compared to its average daily volume of 32.6 million shares. The stock has ranged in price between $23.66-$24.00 after having opened the day at $24.00 as compared to the previous trading day's close of $23.84.

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 $118.8 billion and is part of the technology sector. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are up 15.9% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Intel a buy, 4 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Intel 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, attractive valuation levels, good cash flow from operations 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 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).

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