Applied Materials Inc. (AMAT): Today's Featured Electronics Winner

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.

Applied Materials ( AMAT) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.2%. By the end of trading, Applied Materials rose $0.26 (1.3%) to $20.36 on average volume. Throughout the day, 12,927,981 shares of Applied Materials exchanged hands as compared to its average daily volume of 12,661,300 shares. The stock ranged in a price between $20.02-$20.40 after having opened the day at $20.25 as compared to the previous trading day's close of $20.10. Other companies within the Electronics industry that increased today were: Plug Power ( PLUG), up 49.0%, Forward Industries ( FORD), up 7.7%, Daqo New Energy ( DQ), up 6.2% and MRV Communications ( MRVC), up 6.0%.

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 $24.4 billion and is part of the technology sector. Shares are up 13.7% year to date as of the close of trading on Monday. 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Microvision ( MVIS), down 14.9%, Himax Technologies ( HIMX), down 11.4%, Rubicon Technology ( RBCN), down 7.4% and Advanced Photonix ( API), down 7.2% , were all laggards within the electronics industry with Cree ( CREE) being today's electronics industry laggard.

For investors not wanting singular stock exposure, 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).

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 liked this article you might like

I Watched the Apple iPhone X Reveal Live and Thought It Was So Lame

Apple's Special Event Was Lame

Trifecta Stocks: Bracing for the Stock Market's Own Hurricane Season

Apple's iPhone 8 Is Helping Boost Micron and Other Memory Makers -- for Now