3 Stocks Moving The Electronics Industry Upward

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 16,444 as of Friday, March 7, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,114 issues advancing vs. 1,815 declining with 163 unchanged.

The Electronics industry currently sits down 0.5% versus the S&P 500, which is down 0.2%. Top gainers within the industry include CGG ( CGG), up 4.5%, Advanced Semiconductor Engineering ( ASX), up 2.7%, Sensata Technologies Holding N.V ( ST), up 1.2%, Eaton Corporation ( ETN), up 1.2% and Ametek ( AME), up 0.9%. On the negative front, top decliners within the industry include Analogic Corporation ( ALOG), down 17.3%, SolarCity ( SCTY), down 3.1%, Siliconware Precision Industries ( SPIL), down 3.1%, ABB ( ABB), down 1.7% and Micron Technology ( MU), down 1.6%.

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

3. Plug Power ( PLUG) is one of the companies pushing the Electronics industry higher today. As of noon trading, Plug Power is up $1.57 (24.6%) to $7.93 on heavy volume. Thus far, 48.0 million shares of Plug Power exchanged hands as compared to its average daily volume of 26.4 million shares. The stock has ranged in price between $6.53-$7.93 after having opened the day at $6.79 as compared to the previous trading day's close of $6.36.

Plug Power Inc., an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of fuel cell systems for the industrial off-road markets worldwide. Plug Power has a market cap of $790.0 million and is part of the technology sector. Shares are up 335.5% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Plug Power a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Plug Power as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and disappointing return on equity. Get the full Plug Power Ratings Report now.

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2. As of noon trading, Emerson Electric ( EMR) is up $0.60 (0.9%) to $65.66 on average volume. Thus far, 1.4 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $65.30-$65.88 after having opened the day at $65.35 as compared to the previous trading day's close of $65.05.

Emerson Electric Co., a diversified technology company, designs and supplies products and technology, and delivers engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $45.7 billion and is part of the industrial goods sector. Shares are down 7.3% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate Emerson Electric a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Emerson Electric 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, reasonable valuation levels, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Emerson Electric Ratings Report now.

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1. As of noon trading, Broadcom Corporation ( BRCM) is up $0.20 (0.7%) to $30.53 on light volume. Thus far, 2.1 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 7.3 million shares. The stock has ranged in price between $30.42-$30.74 after having opened the day at $30.49 as compared to the previous trading day's close of $30.33.

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 $16.1 billion and is part of the technology sector. Shares are up 2.0% year-to-date as of the close of trading on Thursday. Currently there are 20 analysts who 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.

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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