Electronics Stocks On The Rise With Help From 4 Stocks

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 3 points (0.0%) at 16,165 as of Thursday, Dec. 19, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,090 issues advancing vs. 1,843 declining with 148 unchanged.

The Electronics industry currently sits down 0.2% versus the S&P 500, which is down 0.2%. Top gainers within the industry include CSR ( CSRE), up 5.1%, ABB ( ABB), up 1.0%, ASML ( ASML), up 0.8% and Micron Technology ( MU), up 0.8%. On the negative front, top decliners within the industry include Semtech Corporation ( SMTC), down 13.1%, LG.Display Company ( LPL), down 3.1%, Maxim Integrated Products ( MXIM), down 2.4%, STMicroelectronics ( STM), down 2.0% and Linear Technology ( LLTC), down 1.4%.

TheStreet would like to highlight 4 stocks pushing the industry higher today:

4. Jabil Circuit ( JBL) is one of the companies pushing the Electronics industry higher today. As of noon trading, Jabil Circuit is up $0.44 (2.8%) to $16.10 on heavy volume. Thus far, 7.4 million shares of Jabil Circuit exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $15.70-$16.58 after having opened the day at $15.76 as compared to the previous trading day's close of $15.67.

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 $4.0 billion and is part of the technology sector. The company has a P/E ratio of 11.7, below the S&P 500 P/E ratio of 17.7. Shares are up 2.2% year to date as of the close of trading on Wednesday. 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, growth in earnings per share and increase in stock price during the past year. 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.

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