3 Electronics Stocks Driving The Industry Higher

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 34 points (0.2%) at 16,585 as of Friday, May 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,493 issues advancing vs. 1,448 declining with 155 unchanged.

The Electronics industry currently sits up 0.4% versus the S&P 500, which is up 0.1%. Top gainers within the industry include Cepheid ( CPHD), up 3.7%, Mettler-Toledo International ( MTD), up 3.2%, SunPower ( SPWR), up 2.4%, FEI ( FEIC), up 2.1% and Synopsys ( SNPS), up 1.1%. On the negative front, top decliners within the industry include SolarCity ( SCTY), down 2.1%, SunEdison ( SUNE), down 1.8%, Roper Industries ( ROP), down 1.2%, STMicroelectronics ( STM), down 0.9% and Avago Technologies ( AVGO), down 0.9%.

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

3. Trimble Navigation ( TRMB) is one of the companies pushing the Electronics industry higher today. As of noon trading, Trimble Navigation is up $0.34 (1.0%) to $35.36 on heavy volume. Thus far, 1.3 million shares of Trimble Navigation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $34.47-$35.42 after having opened the day at $35.04 as compared to the previous trading day's close of $35.02.

Trimble Navigation Limited designs and distributes positioning products and applications enabled by global positioning system (GPS), optical, laser, and wireless communications technology. Trimble Navigation has a market cap of $9.1 billion and is part of the technology sector. Shares are up 0.9% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Trimble Navigation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Trimble Navigation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Trimble Navigation Ratings Report now.

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