3 Stocks Boosting The Electronics 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 59 points (-0.4%) at 16,657 as of Wednesday, May 14, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,380 issues advancing vs. 1,556 declining with 176 unchanged.

The Electronics industry currently sits down 0.7% versus the S&P 500, which is down 0.2%. Top gainers within the industry include AU Optronics ( AUO), up 2.2%, LG Display ( LPL), up 1.6% and Siliconware Precision Industries ( SPIL), up 1.5%. On the negative front, top decliners within the industry include Waters ( WAT), down 1.5%, Sensata Technologies Holding N.V ( ST), down 1.1%, Ametek ( AME), down 0.8%, Amphenol Corp Class A ( APH), down 0.6% and Analog Devices ( ADI), down 0.6%.

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

3. Garmin ( GRMN) is one of the companies pushing the Electronics industry higher today. As of noon trading, Garmin is up $0.40 (0.7%) to $56.23 on average volume. Thus far, 868,990 shares of Garmin exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $55.67-$56.45 after having opened the day at $55.77 as compared to the previous trading day's close of $55.83.

Garmin Ltd. is a worldwide provider of navigation, communications and information devices, most of which are enabled by global positioning system (GPS) technology. Garmin has a market cap of $11.7 billion and is part of the technology sector. Shares are up 20.9% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Garmin a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Garmin as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Garmin Ratings Report now.

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2. As of noon trading, Taiwan Semiconductor Manufacturing ( TSM) is up $0.17 (0.8%) to $20.81 on light volume. Thus far, 2.9 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 12.2 million shares. The stock has ranged in price between $20.67-$20.82 after having opened the day at $20.71 as compared to the previous trading day's close of $20.64.

Taiwan Semiconductor Manufacturing Company Limited is engaged in manufacturing, selling, packaging, testing, and computer-aided designing integrated circuits and other semiconductor devices. It also manufactures masks. Taiwan Semiconductor Manufacturing has a market cap of $106.8 billion and is part of the technology sector. Shares are up 18.4% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing 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, growth in earnings per share, good cash flow from operations and increase 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 Taiwan Semiconductor Manufacturing Ratings Report now.

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1. As of noon trading, SolarCity ( SCTY) is up $1.06 (1.9%) to $55.44 on average volume. Thus far, 2.5 million shares of SolarCity exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $53.55-$56.62 after having opened the day at $54.17 as compared to the previous trading day's close of $54.38.

SolarCity Corporation designs, installs, and sells or leases solar energy systems to residential and commercial customers, and government entities in the United States. SolarCity has a market cap of $5.0 billion and is part of the technology sector. Shares are down 4.3% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate SolarCity a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates SolarCity as a sell. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow, poor profit margins, generally high debt management risk and feeble growth in its earnings per share. Get the full SolarCity 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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