3 Stocks Pushing The Electronics 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 83 points (-0.5%) at 16,448 as of Tuesday, May 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,223 issues advancing vs. 1,760 declining with 164 unchanged.

The Electronics industry currently sits down 0.3% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include Advanced Energy Industries ( AEIS), down 18.1%, and Amphenol Corp Class A ( APH), down 1.1%. A company within the industry that increased today was Garmin ( GRMN), up 1.5%.

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

3. Broadcom ( BRCM) is one of the companies pushing the Electronics industry lower today. As of noon trading, Broadcom is down $0.46 (-1.5%) to $29.98 on average volume. Thus far, 2.6 million shares of Broadcom exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $29.84-$30.40 after having opened the day at $30.34 as compared to the previous trading day's close of $30.44.

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 $16.4 billion and is part of the technology sector. The company has a P/E ratio of 45.1, above the S&P 500 P/E ratio of 17.7. Shares are up 2.7% year-to-date as of the close of trading on Monday. Currently there are 18 analysts that rate Broadcom a buy, 1 analyst rates it a sell, and 13 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, good cash flow from operations 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.

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, Emerson Electric ( EMR) is down $0.87 (-1.3%) to $66.75 on average volume. Thus far, 1.4 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $66.60-$67.60 after having opened the day at $67.45 as compared to the previous trading day's close of $67.62.

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 $47.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 24.2, above the S&P 500 P/E ratio of 17.7. Shares are down 3.6% year-to-date as of the close of trading on Monday. Currently there are 5 analysts that 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 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 Emerson Electric 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, Corning ( GLW) is down $0.23 (-1.1%) to $20.72 on average volume. Thus far, 4.9 million shares of Corning exchanged hands as compared to its average daily volume of 12.1 million shares. The stock has ranged in price between $20.64-$20.94 after having opened the day at $20.93 as compared to the previous trading day's close of $20.95.

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $27.5 billion and is part of the technology sector. The company has a P/E ratio of 17.2, below the S&P 500 P/E ratio of 17.7. Shares are up 17.6% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate Corning a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Corning 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, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Corning 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).

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