3 Stocks Pushing The Electronics Industry Downward

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 28 points (-0.2%) at 16,647 as of Wednesday, May 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,518 issues advancing vs. 1,472 declining with 153 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is unchanged. A company within the industry that fell today was Kyocera ( KYO), up 1.1%. Top gainers within the industry include United Microelectronics ( UMC), up 2.2%, Micron Technology ( MU), up 1.9%, TE Connectivity ( TEL), up 0.8% and Ametek ( AME), up 0.8%.

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

3. Avago Technologies ( AVGO) is one of the companies pushing the Electronics industry lower today. As of noon trading, Avago Technologies is down $0.78 (-1.1%) to $70.15 on average volume. Thus far, 1.8 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $69.84-$70.75 after having opened the day at $70.55 as compared to the previous trading day's close of $70.93.

Avago Technologies Limited is engaged in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $17.6 billion and is part of the technology sector. Shares are up 33.4% year-to-date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Avago Technologies 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, expanding profit margins and good cash flow from operations. 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 Avago Technologies 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, SolarCity ( SCTY) is down $1.64 (-3.1%) to $51.55 on light volume. Thus far, 1.7 million shares of SolarCity exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $51.29-$53.44 after having opened the day at $52.94 as compared to the previous trading day's close of $53.19.

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 $4.8 billion and is part of the technology sector. Shares are down 8.4% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that 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 poor profit margins, weak operating cash flow, generally high debt management risk and feeble growth in its earnings per share. Get the full SolarCity 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, Applied Materials ( AMAT) is down $0.15 (-0.7%) to $20.43 on average volume. Thus far, 6.8 million shares of Applied Materials exchanged hands as compared to its average daily volume of 14.3 million shares. The stock has ranged in price between $20.32-$20.64 after having opened the day at $20.63 as compared to the previous trading day's close of $20.58.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $24.4 billion and is part of the technology sector. Shares are up 13.3% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Applied Materials a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Applied Materials 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, impressive record of earnings per share growth and compelling growth 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 Applied Materials 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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