3 Electronics Stocks Dragging The Industry Down

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 12 points (-0.1%) at 16,435 as of Friday, May 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,512 issues advancing vs. 1,401 declining with 184 unchanged.

The Electronics industry currently sits down 0.4% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include SolarCity ( SCTY), down 2.9%, and Eaton ( ETN), down 0.5%. Top gainers within the industry include Lam Research ( LRCX), up 4.1%, Agilent Technologies ( A), up 1.0%, Micron Technology ( MU), up 0.9% and Taiwan Semiconductor Manufacturing ( TSM), up 0.5%.

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

3. Canadian Solar ( CSIQ) is one of the companies pushing the Electronics industry lower today. As of noon trading, Canadian Solar is down $2.16 (-8.5%) to $23.16 on heavy volume. Thus far, 5.7 million shares of Canadian Solar exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $22.68-$23.75 after having opened the day at $23.01 as compared to the previous trading day's close of $25.32.

Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar wafers, cells, and solar module products worldwide. The company operates in two segments, Module and Project. Canadian Solar has a market cap of $1.5 billion and is part of the technology sector. Shares are down 15.1% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts that rate Canadian Solar a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Canadian Solar as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Canadian Solar 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, First Solar ( FSLR) is down $1.11 (-1.9%) to $58.99 on light volume. Thus far, 1.3 million shares of First Solar exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $58.62-$60.23 after having opened the day at $59.62 as compared to the previous trading day's close of $60.10.

First Solar, Inc. provides solar energy solutions worldwide. The company operates through two segments, Components and Systems. First Solar has a market cap of $6.2 billion and is part of the technology sector. Shares are up 10.0% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts that rate First Solar a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates First Solar as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins. Get the full First Solar 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, Intel ( INTC) is down $0.18 (-0.7%) to $25.82 on average volume. Thus far, 15.4 million shares of Intel exchanged hands as compared to its average daily volume of 28.6 million shares. The stock has ranged in price between $25.74-$26.07 after having opened the day at $26.05 as compared to the previous trading day's close of $26.01.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $131.1 billion and is part of the technology sector. Shares are up 0.2% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts that rate Intel a buy, 4 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Intel 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, reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Intel 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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