AMAT, SUNE And SCTY, 3 Electronics Stocks Pushing The Industry Lower

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 69 points (-0.4%) at 16,384 as of Monday, March 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 999 issues advancing vs. 1,928 declining with 160 unchanged.

The Electronics industry currently sits down 0.1% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Kyocera Corporation ( KYO), down 3.5%, SunPower Corporation ( SPWR), down 3.0%, United Microelectronics ( UMC), down 2.7%, LG.Display Company ( LPL), down 1.9% and NXP Semiconductor ( NXPI), down 1.7%. A company within the industry that increased today was Plug Power ( PLUG), up 31.9%.

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

3. Applied Materials ( AMAT) is one of the companies pushing the Electronics industry lower today. As of noon trading, Applied Materials is down $0.22 (-1.1%) to $19.42 on average volume. Thus far, 5.0 million shares of Applied Materials exchanged hands as compared to its average daily volume of 12.0 million shares. The stock has ranged in price between $19.42-$19.71 after having opened the day at $19.71 as compared to the previous trading day's close of $19.64.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $23.5 billion and is part of the technology sector. Shares are up 9.6% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate Applied Materials a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Applied Materials as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and compelling growth in net income. 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 Applied Materials 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, SunEdison ( SUNE) is down $0.46 (-2.2%) to $20.65 on average volume. Thus far, 4.8 million shares of SunEdison exchanged hands as compared to its average daily volume of 12.7 million shares. The stock has ranged in price between $20.46-$21.39 after having opened the day at $20.85 as compared to the previous trading day's close of $21.11.

SunEdison, Inc. develops, manufactures, and sells silicon wafers. The company is also involved in developing and selling photovoltaic energy solutions. It operates in two segments, Semiconductor Materials and Solar Energy. SunEdison has a market cap of $5.6 billion and is part of the technology sector. Shares are up 61.8% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate SunEdison a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates SunEdison as a hold. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full SunEdison 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, SolarCity ( SCTY) is down $2.94 (-3.8%) to $74.86 on average volume. Thus far, 2.4 million shares of SolarCity exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $74.39-$77.90 after having opened the day at $76.37 as compared to the previous trading day's close of $77.80.

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 $7.3 billion and is part of the technology sector. Shares are up 40.9% year-to-date as of the close of trading on Friday. 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.

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).
null

If you liked this article you might like

Jim Cramer: The Government Should Admit It Goofed With These Crazy Instruments

Jim Cramer: The Government Should Admit It Goofed With These Crazy Instruments

Jim Cramer: The SEC Should Admit It Goofed With These Crazy Instruments

Jim Cramer: The SEC Should Admit It Goofed With These Crazy Instruments

Jim Cramer: I Remember Earnings

Jim Cramer: I Remember Earnings

Dow Soars Over 250 Points to Post Its Fourth Straight Day of Gains
Inflation, Chipotle, Credit Suisse and Sam's Club - 5 Things You Must Know

Inflation, Chipotle, Credit Suisse and Sam's Club - 5 Things You Must Know