ABB Ltd. (ABB): 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.

ABB ( ABB) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 1.3%. By the end of trading, ABB fell $0.27 (-1.1%) to $25.04 on heavy volume. Throughout the day, 3,721,149 shares of ABB exchanged hands as compared to its average daily volume of 1,624,500 shares. The stock ranged in price between $24.95-$25.25 after having opened the day at $25.04 as compared to the previous trading day's close of $25.31. Other companies within the Electronics industry that declined today were: ClearSign Combustion ( CLIR), down 9.6%, Control4 ( CTRL), down 6.9%, Vimicro International Corporation ( VIMC), down 6.7% and LightPath Technologies ( LPTH), down 6.3%.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $58.1 billion and is part of the industrial goods sector. Shares are down 4.7% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate ABB a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates ABB 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, increase in stock price during the past year, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Microvision ( MVIS), up 97.8%, Applied Optoelectronics ( AAOI), up 19.7%, On Track Innovations ( OTIV), up 14.4% and Rubicon Technology ( RBCN), up 13.7% , were all gainers within the electronics industry with Eaton Corporation ( ETN) 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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