BRCM, SCTY And MU, Pushing Electronics Industry Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 11 points (0.1%) at 16,218 as of Tuesday, Feb. 25, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,600 issues advancing vs. 1,298 declining with 186 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Aixtron SE NA ( AIXG), down 6.3%, Advanced Semiconductor Engineering ( ASX), down 1.6% and LG.Display Company ( LPL), down 1.6%. Top gainers within the industry include Cepheid ( CPHD), up 2.6%, Garmin ( GRMN), up 1.4%, Ametek ( AME), up 0.9% and ABB ( ABB), up 0.7%.

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

3. Broadcom Corporation ( BRCM) is one of the companies pushing the Electronics industry lower today. As of noon trading, Broadcom Corporation is down $0.39 (-1.3%) to $30.35 on light volume. Thus far, 2.1 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 7.7 million shares. The stock has ranged in price between $30.06-$30.73 after having opened the day at $30.72 as compared to the previous trading day's close of $30.74.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom Corporation has a market cap of $16.3 billion and is part of the technology sector. Shares are up 3.8% year-to-date as of the close of trading on Monday. 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.

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2. As of noon trading, SolarCity ( SCTY) is down $1.20 (-1.5%) to $77.35 on heavy volume. Thus far, 5.9 million shares of SolarCity exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $76.00-$81.37 after having opened the day at $76.82 as compared to the previous trading day's close of $78.55.

SolarCity Corporation engages in the design, installation, and sale or lease of solar energy systems to residential and commercial customers, and government entities in the United States. SolarCity has a market cap of $6.3 billion and is part of the technology sector. Shares are up 38.2% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate SolarCity a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates SolarCity as a sell. Among the areas we feel are negative, one of the most important has been very high debt management risk by most measures. Get the full SolarCity 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, Micron Technology ( MU) is down $0.46 (-1.9%) to $24.28 on average volume. Thus far, 16.4 million shares of Micron Technology exchanged hands as compared to its average daily volume of 35.9 million shares. The stock has ranged in price between $24.17-$25.00 after having opened the day at $24.80 as compared to the previous trading day's close of $24.75.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $26.6 billion and is part of the technology sector. Shares are up 13.8% year-to-date as of the close of trading on Monday. Currently there are 11 analysts that rate Micron Technology a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Micron Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. 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 Micron Technology 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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