3 Stocks Driving The Electronics Industry Higher

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 72 points (0.4%) at 16,112 as of Thursday, Feb. 20, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,810 issues advancing vs. 1,095 declining with 165 unchanged.

The Electronics industry currently sits up 0.7% versus the S&P 500, which is up 0.3%. Top gainers within the industry include SunEdison ( SUNE), up 3.6%, NVIDIA Corporation ( NVDA), up 1.8%, Avago Technologies ( AVGO), up 1.8%, Agilent Technologies ( A), up 1.5% and Emerson Electric ( EMR), up 1.0%. On the negative front, top decliners within the industry include Kyocera Corporation ( KYO), down 1.3%, Altera ( ALTR), down 0.8%, Analog Devices ( ADI), down 0.7% and ABB ( ABB), down 0.6%.

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

3. Skyworks Solutions ( SWKS) is one of the companies pushing the Electronics industry higher today. As of noon trading, Skyworks Solutions is up $1.07 (3.4%) to $32.39 on heavy volume. Thus far, 3.0 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $31.90-$32.65 after having opened the day at $32.00 as compared to the previous trading day's close of $31.32.

Skyworks Solutions, Inc., together with its subsidiaries, provides analog semiconductors worldwide. Skyworks Solutions has a market cap of $6.0 billion and is part of the technology sector. Shares are up 9.7% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate Skyworks Solutions a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Skyworks Solutions 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Skyworks Solutions Ratings Report now.

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2. As of noon trading, Eaton Corporation ( ETN) is up $0.41 (0.6%) to $72.54 on light volume. Thus far, 815,269 shares of Eaton Corporation exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $71.75-$72.70 after having opened the day at $72.16 as compared to the previous trading day's close of $72.13.

Eaton Corporation plc operates as a diversified power management company worldwide. The company operates through Electrical Americas, Electrical Rest of World, Cooper, Hydraulics, Aerospace, Truck, and Automotive segments. Eaton Corporation has a market cap of $34.4 billion and is part of the industrial goods sector. Shares are down 4.8% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts who rate Eaton Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Eaton Corporation 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, increase in stock price during the past year, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Eaton Corporation 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.

1. As of noon trading, Applied Materials ( AMAT) is up $0.11 (0.6%) to $18.86 on average volume. Thus far, 5.0 million shares of Applied Materials exchanged hands as compared to its average daily volume of 11.6 million shares. The stock has ranged in price between $18.72-$18.95 after having opened the day at $18.75 as compared to the previous trading day's close of $18.75.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $22.7 billion and is part of the technology sector. Shares are up 6.0% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate Applied Materials a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Applied Materials as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and compelling growth 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 Applied Materials 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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