3 Stocks Advancing 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 16,511 as of Wednesday, April 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,280 declining with 133 unchanged.

The Electronics industry currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Sanmina ( SANM), up 14.6%, SunPower ( SPWR), up 10.2%, Cognex ( CGNX), up 7.5% and United Microelectronics ( UMC), up 2.4%. A company within the industry that fell today was Taiwan Semiconductor Manufacturing ( TSM), up 1.0%.

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

3. Broadcom ( BRCM) is one of the companies pushing the Electronics industry higher today. As of noon trading, Broadcom is up $0.21 (0.7%) to $30.24 on light volume. Thus far, 1.9 million shares of Broadcom exchanged hands as compared to its average daily volume of 6.4 million shares. The stock has ranged in price between $30.01-$30.50 after having opened the day at $30.02 as compared to the previous trading day's close of $30.03.

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 has a market cap of $16.0 billion and is part of the technology sector. Shares are up 1.3% year-to-date as of the close of trading on Tuesday. Currently there are 18 analysts who rate Broadcom a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Broadcom 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 Ratings Report now.

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2. As of noon trading, Emerson Electric ( EMR) is up $0.43 (0.6%) to $69.13 on average volume. Thus far, 2.1 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $68.44-$69.42 after having opened the day at $68.58 as compared to the previous trading day's close of $68.70.

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 $48.2 billion and is part of the industrial goods sector. Shares are down 2.1% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate Emerson Electric a buy, no analysts rate it a sell, and 12 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, expanding profit margins, good cash flow from operations and growth in earnings per share. 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, SunEdison ( SUNE) is up $0.51 (2.5%) to $20.57 on heavy volume. Thus far, 14.5 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 $19.81-$20.65 after having opened the day at $20.20 as compared to the previous trading day's close of $20.06.

SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through two segments, Solar Energy and Semiconductor Materials. SunEdison has a market cap of $4.8 billion and is part of the technology sector. Shares are up 53.7% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who rate SunEdison a buy, no analysts rate it a sell, and none rate 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.

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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