3 Stocks Improving Performance Of The Electronics Industry

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 4 points (0.0%) at 15,449 as of Wednesday, Feb. 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 771 issues advancing vs. 2,156 declining with 142 unchanged.

The Electronics industry currently sits down 1.2% versus the S&P 500, which is down 0.4%. A company within the industry that increased today was ABB ( ABB), up 1.1%. On the negative front, top decliners within the industry include LG.Display Company ( LPL), down 2.0%, Cree ( CREE), down 2.0%, Kyocera Corporation ( KYO), down 1.7%, NVIDIA Corporation ( NVDA), down 1.5% and TE Connectivity ( TEL), down 1.1%.

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

3. ASML ( ASML) is one of the companies pushing the Electronics industry higher today. As of noon trading, ASML is up $0.51 (0.6%) to $84.60 on light volume. Thus far, 385,447 shares of ASML exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $84.19-$84.97 after having opened the day at $84.77 as compared to the previous trading day's close of $84.09.

ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide. ASML has a market cap of $37.5 billion and is part of the technology sector. Shares are down 10.3% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate ASML a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates ASML 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, expanding profit margins, good cash flow from operations and increase in net income. 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 ASML Ratings Report now.

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2. As of noon trading, Corning ( GLW) is up $0.24 (1.4%) to $17.43 on average volume. Thus far, 4.5 million shares of Corning exchanged hands as compared to its average daily volume of 11.1 million shares. The stock has ranged in price between $17.13-$17.47 after having opened the day at $17.17 as compared to the previous trading day's close of $17.19.

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 $24.7 billion and is part of the technology sector. Shares are down 3.5% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who 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 solid stock price performance, impressive record of earnings per share growth, increase in net income, largely solid financial position with reasonable debt levels by most measures 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 Corning Ratings Report now.

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1. As of noon trading, Micron Technology ( MU) is up $0.18 (0.8%) to $23.18 on light volume. Thus far, 11.9 million shares of Micron Technology exchanged hands as compared to its average daily volume of 38.7 million shares. The stock has ranged in price between $22.70-$23.40 after having opened the day at $22.95 as compared to the previous trading day's close of $23.00.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $24.2 billion and is part of the technology sector. Shares are up 4.9% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate Micron Technology a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Micron Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Micron Technology 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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