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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 34 points (-0.2%) at 15,991 as of Tuesday, Dec. 10, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,637 declining with 176 unchanged.

The Electronics industry currently sits up 0.1% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include Methode Electronics ( MEI), down 7.3%, Avago Technologies ( AVGO), down 1.2% and ABB ( ABB), down 0.8%. Top gainers within the industry include SunPower Corporation ( SPWR), up 5.2%, First Solar ( FSLR), up 2.7%, CGG ( CGG), up 2.5%, NVIDIA Corporation ( NVDA), up 2.4% and Broadcom Corporation ( BRCM), up 2.3%.

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

5. Jabil Circuit ( JBL) is one of the companies pushing the Electronics industry lower today. As of noon trading, Jabil Circuit is down $0.55 (-2.7%) to $20.01 on average volume. Thus far, 1.8 million shares of Jabil Circuit exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $19.77-$20.46 after having opened the day at $20.42 as compared to the previous trading day's close of $20.56.

Jabil Circuit, Inc., together with its subsidiaries, provides electronic manufacturing services and solutions worldwide. The company operates in three segments: Diversified Manufacturing Services, Enterprise & Infrastructure, and High Velocity Systems. Jabil Circuit has a market cap of $4.1 billion and is part of the technology sector. The company has a P/E ratio of 11.4, below the S&P 500 P/E ratio of 17.7. Shares are up 5.9% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Jabil Circuit a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Jabil Circuit as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, attractive valuation levels, 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 generally high debt management risk by most measures that we evaluated. Get the full Jabil Circuit 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 liked this article you might like

GE to Close Rochester Plant, Move Production to Supplier

Apple's Big iPad Turnaround and Upbeat Outlook Could Push the Stock Even Higher

Jabil Is Showing Some Weakness

Jabil's 3Q Beat Shows No 'Glaring Issues' for iPhone Launch