5 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.3%) at 15,878 as of Tuesday, Jan. 28, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,973 issues advancing vs. 972 declining with 141 unchanged.

The Electronics industry currently sits up 0.3% versus the S&P 500, which is up 0.3%. Top gainers within the industry include Sanmina ( SANM), up 14.3%, Waters Corporation ( WAT), up 7.0%, SunPower Corporation ( SPWR), up 4.1%, SolarCity ( SCTY), up 3.5% and Maxim Integrated Products ( MXIM), up 3.3%. On the negative front, top decliners within the industry include Advantest ( ATE), down 9.2%, Himax Technologies ( HIMX), down 8.8%, LG.Display Company ( LPL), down 2.6%, TE Connectivity ( TEL), down 1.7% and Applied Materials ( AMAT), down 0.9%.

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

5. Cree ( CREE) is one of the companies pushing the Electronics industry higher today. As of noon trading, Cree is up $1.99 (3.3%) to $62.33 on average volume. Thus far, 827,672 shares of Cree exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $60.53-$62.77 after having opened the day at $60.77 as compared to the previous trading day's close of $60.34.

Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, and Taiwan. Cree has a market cap of $7.5 billion and is part of the technology sector. The company has a P/E ratio of 63.5, above the S&P 500 P/E ratio of 17.7. Shares are down 3.5% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Cree a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Cree as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. 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 Cree 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, SunEdison ( SUNE) is up $0.60 (4.3%) to $14.44 on light volume. Thus far, 3.7 million shares of SunEdison exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $14.04-$14.64 after having opened the day at $14.06 as compared to the previous trading day's close of $13.84.

SunEdison, Inc. develops, manufactures, and sells silicon wafers. The company is also involved in developing and selling photovoltaic energy solutions. It operates in two segments, Semiconductor Materials and Solar Energy. SunEdison has a market cap of $3.7 billion and is part of the technology sector. Shares are up 6.0% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate SunEdison a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates SunEdison as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and weak operating cash flow. Get the full SunEdison 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, Emerson Electric ( EMR) is up $0.48 (0.7%) to $66.00 on average volume. Thus far, 1.3 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $65.63-$66.29 after having opened the day at $65.71 as compared to the previous trading day's close of $65.52.

Emerson Electric Co., a diversified technology company, designs and supplies products and technology, and delivers engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $46.0 billion and is part of the industrial goods sector. The company has a P/E ratio of 23.6, above the S&P 500 P/E ratio of 17.7. Shares are down 6.6% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate Emerson Electric a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. 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 Emerson Electric 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, Eaton Corporation ( ETN) is up $0.58 (0.8%) to $73.36 on light volume. Thus far, 599,464 shares of Eaton Corporation exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $72.99-$74.01 after having opened the day at $73.22 as compared to the previous trading day's close of $72.79.

Eaton Corporation plc operates as a diversified power management company worldwide. The company operates through Electrical Americas, Electrical Rest of World, Cooper, Hydraulics, Aerospace, Truck, and Automotive segments. Eaton Corporation has a market cap of $34.7 billion and is part of the industrial goods sector. The company has a P/E ratio of 22.1, above the S&P 500 P/E ratio of 17.7. Shares are down 4.4% year-to-date as of the close of trading on Monday. Currently there are 12 analysts who rate Eaton Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Eaton Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Eaton 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.

1. As of noon trading, Intel ( INTC) is up $0.18 (0.7%) to $24.90 on average volume. Thus far, 16.3 million shares of Intel exchanged hands as compared to its average daily volume of 33.6 million shares. The stock has ranged in price between $24.57-$25.04 after having opened the day at $24.71 as compared to the previous trading day's close of $24.72.

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 $123.3 billion and is part of the technology sector. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7. Shares are down 4.8% year-to-date as of the close of trading on Monday. Currently there are 10 analysts who rate Intel a buy, 4 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Intel 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, attractive valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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.

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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