3 Stocks Pushing The Electronics Industry Higher

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Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 54 points (0.3%) at 16,185 as of Wednesday, Feb. 19, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,823 issues advancing vs. 1,113 declining with 162 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is up 0.1%. Top gainers within the industry include Garmin ( GRMN), up 10.9%, Bruker Corporation ( BRKR), up 5.1%, Altera ( ALTR), up 1.8%, Trimble Navigation ( TRMB), up 2.1% and ABB ( ABB), up 0.7%. On the negative front, top decliners within the industry include SolarCity ( SCTY), down 4.9%, and Broadcom Corporation ( BRCM), down 0.6%.

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

3. NVIDIA Corporation ( NVDA) is one of the companies pushing the Electronics industry higher today. As of noon trading, NVIDIA Corporation is up $0.25 (1.4%) to $18.15 on average volume. Thus far, 3.6 million shares of NVIDIA Corporation exchanged hands as compared to its average daily volume of 7.5 million shares. The stock has ranged in price between $17.82-$18.18 after having opened the day at $17.90 as compared to the previous trading day's close of $17.90.

NVIDIA Corporation, a visual computing company, develops graphics chips for use in personal computers (PC), mobile devices, and supercomputers. The company operates through two segments, GPU and Tegra Processors. NVIDIA Corporation has a market cap of $10.2 billion and is part of the technology sector. Shares are up 11.8% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who rate NVIDIA Corporation a buy, 2 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates NVIDIA Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full NVIDIA Corporation Ratings Report now.

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