Cree Inc. (CREE): Today's Featured Electronics Laggard

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.

Cree ( CREE) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.8%. By the end of trading, Cree fell $0.88 (-1.5%) to $57.11 on average volume. Throughout the day, 2,867,622 shares of Cree exchanged hands as compared to its average daily volume of 2,130,600 shares. The stock ranged in price between $55.76-$57.69 after having opened the day at $57.16 as compared to the previous trading day's close of $57.99. Other companies within the Electronics industry that declined today were: LRAD ( LRAD), down 11.9%, Planar Systems ( PLNR), down 11.8%, Perceptron ( PRCP), down 10.4% and Electro Scientific Industries ( ESIO), down 8.6%.

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 $7.0 billion and is part of the technology sector. Shares are down 8.5% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that 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.

On the positive front, Sevcon ( SEV), up 30.3%, Kimball International ( KBALB), up 13.6%, Nanometrics Incorporated ( NANO), up 7.0% and Wi-Lan ( WILN), up 6.1% , were all gainers within the electronics industry with Corning ( GLW) being today's featured electronics industry leader.

For investors not wanting singular stock exposure, 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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