5 Stocks Moving The Electronics Industry Upward

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 up 14 points (0.1%) at 16,456 as of Friday, Jan. 3, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,181 declining with 172 unchanged.

The Electronics industry currently sits up 0.3% versus the S&P 500, which is unchanged. A company within the industry that fell today was NVIDIA Corporation ( NVDA), up 1.3%.

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

5. ABB ( ABB) is one of the companies pushing the Electronics industry higher today. As of noon trading, ABB is up $0.20 (0.8%) to $26.12 on average volume. Thus far, 592,696 shares of ABB exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $26.05-$26.15 after having opened the day at $26.11 as compared to the previous trading day's close of $25.93.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $61.0 billion and is part of the industrial goods sector. Shares are down 2.4% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate ABB a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, 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.

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, Garmin ( GRMN) is up $0.64 (1.4%) to $45.59 on heavy volume. Thus far, 1.3 million shares of Garmin exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $45.11-$46.26 after having opened the day at $45.83 as compared to the previous trading day's close of $44.95.

Garmin Ltd. is a worldwide provider of navigation, communications and information devices, most of which are enabled by global positioning system (GPS) technology. Garmin has a market cap of $9.0 billion and is part of the technology sector. Shares are unchanged year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Garmin a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Garmin 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, good cash flow from operations, 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 Garmin 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, Maxim Integrated Products ( MXIM) is up $0.51 (1.8%) to $28.37 on average volume. Thus far, 1.2 million shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $28.04-$28.54 after having opened the day at $28.50 as compared to the previous trading day's close of $27.86.

Maxim Integrated Products, Inc. designs, develops, manufactures, and markets various linear and mixed-signal integrated circuits worldwide. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs. Maxim Integrated Products has a market cap of $7.9 billion and is part of the technology sector. Shares are down 0.1% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Maxim Integrated Products a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Maxim Integrated Products 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, notable return on equity 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 Maxim Integrated Products 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, Agilent Technologies ( A) is up $0.86 (1.5%) to $57.07 on light volume. Thus far, 717,067 shares of Agilent Technologies exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $56.26-$57.12 after having opened the day at $56.39 as compared to the previous trading day's close of $56.21.

Agilent Technologies, Inc. provides bio-analytical and electronic measurement solutions and services to the life sciences, chemical analysis, diagnostics and genomics, communications, and electronics industries worldwide. Agilent Technologies has a market cap of $19.0 billion and is part of the health care sector. Shares are down 1.7% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Agilent Technologies a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Agilent Technologies as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, 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 sub par growth in net income. Get the full Agilent Technologies 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, Corning ( GLW) is up $0.12 (0.7%) to $17.89 on light volume. Thus far, 2.4 million shares of Corning exchanged hands as compared to its average daily volume of 13.2 million shares. The stock has ranged in price between $17.77-$17.89 after having opened the day at $17.78 as compared to the previous trading day's close of $17.77.

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 $25.8 billion and is part of the technology sector. Shares are down 0.3% year to date as of the close of trading on Thursday. 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.

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).

null

More from Markets

Dow and Nasdaq Finish Lower as 10-Year Treasury Yield Hovers Near 3%

Dow and Nasdaq Finish Lower as 10-Year Treasury Yield Hovers Near 3%

Video: Stop Using Student Loan Money to Buy Bitcoin

Video: Stop Using Student Loan Money to Buy Bitcoin

Let the Najarian Brothers Crash-Proof Portfolio

Let the Najarian Brothers Crash-Proof Portfolio

Facebook Sends Facial Recognition Notification in Error

Facebook Sends Facial Recognition Notification in Error

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists