3 Electronics Stocks Pushing The Industry Higher

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 39 points (-0.2%) at 16,431 as of Monday, Jan. 6, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,317 issues advancing vs. 1,618 declining with 151 unchanged.

The Electronics industry currently sits down 0.5% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include First Solar ( FSLR), down 9.6%, Kyocera Corporation ( KYO), down 1.7%, ABB ( ABB), down 1.6%, Corning ( GLW), down 1.2% and Micron Technology ( MU), down 0.7%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Marvell Technology Group ( MRVL) is one of the companies pushing the Electronics industry higher today. As of noon trading, Marvell Technology Group is up $0.35 (2.5%) to $14.51 on average volume. Thus far, 2.5 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $14.16-$14.55 after having opened the day at $14.16 as compared to the previous trading day's close of $14.16.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based microprocessor integrated circuits. Marvell Technology Group has a market cap of $7.0 billion and is part of the technology sector. The company has a P/E ratio of 27.2, above the S&P 500 P/E ratio of 17.7. Shares are down 1.5% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Marvell Technology Group a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Marvell Technology Group 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 attractive valuation levels. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Marvell Technology Group Ratings Report now.

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2. As of noon trading, Advanced Micro Devices ( AMD) is up $0.14 (3.6%) to $4.14 on heavy volume. Thus far, 23.5 million shares of Advanced Micro Devices exchanged hands as compared to its average daily volume of 24.1 million shares. The stock has ranged in price between $3.99-$4.18 after having opened the day at $4.01 as compared to the previous trading day's close of $4.00.

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates in two segments, Computing Solutions and Graphics. Advanced Micro Devices has a market cap of $2.9 billion and is part of the technology sector. Shares are up 3.4% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Advanced Micro Devices a buy, 4 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Advanced Micro Devices as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally high debt management risk. Get the full Advanced Micro Devices 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, NVIDIA Corporation ( NVDA) is up $0.16 (1.1%) to $15.84 on average volume. Thus far, 4.2 million shares of NVIDIA Corporation exchanged hands as compared to its average daily volume of 7.3 million shares. The stock has ranged in price between $15.68-$15.87 after having opened the day at $15.83 as compared to the previous trading day's close of $15.67.

NVIDIA Corporation, a visual computing company, develops graphics chips for use in personal computers (PC), mobile devices, and supercomputers. The company operates through two segments, GPU and Tegra Processors. NVIDIA Corporation has a market cap of $9.0 billion and is part of the technology sector. The company has a P/E ratio of 20.6, above the S&P 500 P/E ratio of 17.7. Shares are down 2.2% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate NVIDIA Corporation a buy, 3 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates NVIDIA Corporation 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, reasonable valuation levels, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full NVIDIA 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.

If you are interested in one of these 3 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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