5 Stocks Moving The Electronics Industry Upward

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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.

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