3 Stocks Dragging In The Electronics Industry

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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.

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