3 Stocks Improving Performance Of The Electronics Industry

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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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