5 Stocks Improving Performance Of 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 27 points (-0.2%) at 15,858 as of Tuesday, Dec. 17, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 997 issues advancing vs. 1,953 declining with 153 unchanged.

The Electronics industry currently sits up 0.4% versus the S&P 500, which is down 0.5%. Top gainers within the industry include Avago Technologies ( AVGO), up 6.5%, Curtiss-Wright Corporation ( CW), up 5.1%, Advanced Semiconductor Engineering ( ASX), up 4.5%, Agilent Technologies ( A), up 2.2% and Lam Research Corporation ( LRCX), up 1.7%. On the negative front, top decliners within the industry include CGG ( CGG), down 16.9%, Siliconware Precision Industries ( SPIL), down 2.1% and Kyocera Corporation ( KYO), down 1.6%.

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

5. Applied Materials ( AMAT) is one of the companies pushing the Electronics industry higher today. As of noon trading, Applied Materials is up $0.20 (1.2%) to $16.86 on light volume. Thus far, 3.0 million shares of Applied Materials exchanged hands as compared to its average daily volume of 13.0 million shares. The stock has ranged in price between $16.62-$16.91 after having opened the day at $16.63 as compared to the previous trading day's close of $16.66.

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 $20.1 billion and is part of the technology sector. The company has a P/E ratio of 79.5, above the S&P 500 P/E ratio of 17.7. Shares are up 45.6% year to date as of the close of trading on Monday. 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 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 impressive record of earnings per share growth. 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 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.

4. As of noon trading, Corning ( GLW) is up $0.11 (0.7%) to $17.16 on light volume. Thus far, 4.0 million shares of Corning exchanged hands as compared to its average daily volume of 13.9 million shares. The stock has ranged in price between $17.13-$17.23 after having opened the day at $17.14 as compared to the previous trading day's close of $17.05.

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 $24.4 billion and is part of the technology sector. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7. Shares are up 33.8% year to date as of the close of trading on Monday. Currently there are 7 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, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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.

3. As of noon trading, Broadcom Corporation ( BRCM) is up $0.22 (0.8%) to $28.60 on light volume. Thus far, 2.9 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 9.1 million shares. The stock has ranged in price between $28.29-$28.63 after having opened the day at $28.30 as compared to the previous trading day's close of $28.38.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom Corporation has a market cap of $14.5 billion and is part of the technology sector. The company has a P/E ratio of 32.2, above the S&P 500 P/E ratio of 17.7. Shares are down 15.7% year to date as of the close of trading on Monday. Currently there are 22 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 increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Broadcom 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, Intel ( INTC) is up $0.15 (0.6%) to $24.60 on light volume. Thus far, 9.8 million shares of Intel exchanged hands as compared to its average daily volume of 31.9 million shares. The stock has ranged in price between $24.38-$24.73 after having opened the day at $24.42 as compared to the previous trading day's close of $24.45.

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 $120.7 billion and is part of the technology sector. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are up 17.8% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Intel a buy, 4 analysts rate it a sell, and 16 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.

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 $0.12 (0.5%) to $22.89 on light volume. Thus far, 13.1 million shares of Micron Technology exchanged hands as compared to its average daily volume of 44.4 million shares. The stock has ranged in price between $22.55-$22.91 after having opened the day at $22.85 as compared to the previous trading day's close of $22.77.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $24.4 billion and is part of the technology sector. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are up 264.0% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Micron Technology a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Micron Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. 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 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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