ALTR, EMR And BRCM, Pushing Electronics Industry Downward

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 up today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 16,140 as of Tuesday, Feb. 18, 2014, 12:00 PM ET. The NYSE advances/declines ratio sits at 2,063 issues advancing vs. 873 declining with 164 unchanged.

The Electronics industry currently sits up 0.7% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Semiconductor Manufacturing International C ( SMI), down 19.0%, LG.Display Company ( LPL), down 1.6% and ABB ( ABB), down 0.8%. Top gainers within the industry include Cognex Corporation ( CGNX), up 6.8%, Cree ( CREE), up 2.9%, Marvell Technology Group ( MRVL), up 2.5%, SunPower Corporation ( SPWR), up 2.3% and Kyocera Corporation ( KYO), up 1.8%.

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

3. Altera ( ALTR) is one of the companies pushing the Electronics industry lower today. As of noon trading, Altera is down $0.22 (-0.6%) to $34.54 on light volume. Thus far, 1.1 million shares of Altera exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $34.41-$34.76 after having opened the day at $34.61 as compared to the previous trading day's close of $34.76.

Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and proprietary development software. Altera has a market cap of $11.2 billion and is part of the technology sector. Shares are up 6.9% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate Altera a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Altera as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Altera Ratings Report now.

STOCKS TO BUY: 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, Emerson Electric ( EMR) is down $0.51 (-0.8%) to $64.00 on average volume. Thus far, 1.8 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $63.88-$64.56 after having opened the day at $64.44 as compared to the previous trading day's close of $64.51.

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 $45.3 billion and is part of the industrial goods sector. Shares are down 8.1% year-to-date as of the close of trading on Friday. Currently there are 5 analysts that 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Emerson Electric Ratings Report now.

STOCKS TO BUY: 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, Broadcom Corporation ( BRCM) is down $0.33 (-1.1%) to $30.97 on light volume. Thus far, 1.9 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 7.8 million shares. The stock has ranged in price between $30.78-$31.30 after having opened the day at $31.27 as compared to the previous trading day's close of $31.30.

In 2007 bought LVL7 Systems Inc (networking SW) for $62 MM: in 2006 bought Sandburst for $76 (semiconductor); in 2005 bought Athena Semicondctors (21.3), Siliquent Technologies $83.7, Zeevo Inc. $32. Broadcom Corporation has a market cap of $16.6 billion and is part of the technology sector. Shares are up 5.6% year-to-date as of the close of trading on Friday. Currently there are 20 analysts that rate Broadcom Corporation a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Broadcom Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Broadcom Corporation Ratings Report now.

STOCKS TO BUY: 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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