3 Stocks Dragging In The Electronics Industry

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 38 points (0.2%) at 16,236 as of Thursday, Feb. 27, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,761 issues advancing vs. 1,149 declining with 174 unchanged.

The Electronics industry currently sits up 0.2% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include CGG ( CGG), down 7.4%, Kyocera Corporation ( KYO), down 1.9% and Intel ( INTC), down 0.8%. Top gainers within the industry include CSR ( CSRE), up 7.1%, First Solar ( FSLR), up 6.4%, ASM International ( ASMI), up 5.3% and NXP Semiconductor ( NXPI), up 0.6%.

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

3. Flextronics International ( FLEX) is one of the companies pushing the Electronics industry lower today. As of noon trading, Flextronics International is down $0.20 (-2.1%) to $9.06 on average volume. Thus far, 3.5 million shares of Flextronics International exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $8.99-$9.24 after having opened the day at $9.21 as compared to the previous trading day's close of $9.26.

Flextronics International Ltd. provides design and manufacturing services to original equipment manufacturers (OEMs) worldwide. Flextronics International has a market cap of $5.6 billion and is part of the technology sector. Shares are up 19.2% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Flextronics International a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Flextronics International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Flextronics International 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, Cree ( CREE) is down $1.20 (-1.9%) to $61.71 on average volume. Thus far, 815,646 shares of Cree exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $60.90-$62.61 after having opened the day at $61.84 as compared to the previous trading day's close of $62.91.

Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, and Taiwan. Cree has a market cap of $7.4 billion and is part of the technology sector. Shares are up 0.6% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Cree a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Cree 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. 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 Cree 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, Avago Technologies ( AVGO) is down $0.80 (-1.3%) to $61.10 on light volume. Thus far, 755,782 shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $61.00-$62.22 after having opened the day at $61.19 as compared to the previous trading day's close of $61.90.

Avago Technologies Limited is engaged in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $14.7 billion and is part of the technology sector. Shares are up 17.1% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Avago Technologies 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, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Avago Technologies 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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