3 Stocks Advancing The Electronics Industry

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 16 points (0.1%) at 16,733 as of Monday, June 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,394 issues advancing vs. 1,564 declining with 187 unchanged.

The Electronics industry currently sits down 0.2% versus the S&P 500, which is unchanged. A company within the industry that increased today was Kyocera ( KYO), up 1.9%.

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

3. Broadcom ( BRCM) is one of the companies pushing the Electronics industry higher today. As of noon trading, Broadcom is up $3.06 (9.6%) to $34.93 on heavy volume. Thus far, 36.3 million shares of Broadcom exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $34.06-$36.05 after having opened the day at $36.00 as compared to the previous trading day's close of $31.87.

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 $16.9 billion and is part of the technology sector. Shares are up 6.8% year-to-date as of the close of trading on Friday. Currently there are 19 analysts who rate Broadcom a buy, 1 analyst rates it a sell, and 12 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.

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2. As of noon trading, Emerson Electric ( EMR) is up $0.43 (0.6%) to $67.16 on light volume. Thus far, 972,441 shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $66.46-$67.16 after having opened the day at $66.87 as compared to the previous trading day's close of $66.73.

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 $46.9 billion and is part of the industrial goods sector. Shares are down 4.9% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate Emerson Electric a buy, no analysts rate it a sell, and 11 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 expanding profit margins, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Emerson Electric Ratings Report now.

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1. As of noon trading, Applied Materials ( AMAT) is up $0.21 (1.0%) to $20.40 on average volume. Thus far, 5.5 million shares of Applied Materials exchanged hands as compared to its average daily volume of 14.5 million shares. The stock has ranged in price between $19.97-$20.44 after having opened the day at $19.99 as compared to the previous trading day's close of $20.19.

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 $24.7 billion and is part of the technology sector. Shares are up 14.7% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who 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.

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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